Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Raises Dividend to $0.07 Per Share

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) declared a monthly dividend on Monday, June 3rd, Zacks reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.073 per share on Monday, July 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date is Friday, June 14th. This is a boost from Nuveen Minnesota Quality Municipal Income Fund’s previous monthly dividend of $0.05.

Nuveen Minnesota Quality Municipal Income Fund has decreased its dividend by an average of 8.8% per year over the last three years and has increased its dividend every year for the last 1 years.

Nuveen Minnesota Quality Municipal Income Fund Price Performance

NMS traded up $0.04 during trading hours on Wednesday, reaching $11.07. 674 shares of the stock traded hands, compared to its average volume of 13,334. The firm’s fifty day simple moving average is $10.94 and its two-hundred day simple moving average is $11.01. Nuveen Minnesota Quality Municipal Income Fund has a fifty-two week low of $9.21 and a fifty-two week high of $11.40.

About Nuveen Minnesota Quality Municipal Income Fund

Nuveen Minnesota Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities that are exempt from regular federal and Minnesota personal income taxes.