Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Shares Will Pay Monthly Dividend of $0.06

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0630 per share on Monday, November 2nd. This represents a $0.76 annualized dividend and a yield of 7.6%. The ex-dividend date is Thursday, October 15th.

Nuveen Minnesota Quality Municipal Income Fund Trading Up 2.4%

NMS stock opened at $9.97 on Friday. Nuveen Minnesota Quality Municipal Income Fund has a 52-week low of $9.48 and a 52-week high of $12.50. The firm has a 50 day moving average price of $10.89 and a 200-day moving average price of $11.72.

Institutional Trading of Nuveen Minnesota Quality Municipal Income Fund

Several large investors have recently bought and sold shares of the business. Redhawk Wealth Advisors Inc. raised its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 4.4% during the second quarter. Redhawk Wealth Advisors Inc. now owns 34,224 shares of the company’s stock valued at $414,000 after purchasing an additional 1,444 shares during the period. Artesa Financial Group LLC bought a new position in Nuveen Minnesota Quality Municipal Income Fund in the 4th quarter valued at $142,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 118.1% during the 1st quarter. Cetera Investment Advisers now owns 44,534 shares of the company’s stock worth $543,000 after acquiring an additional 24,119 shares during the last quarter.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment fund managed by Nuveen. The fund seeks to provide current income that is exempt from regular federal income tax and Minnesota state income tax by investing primarily in municipal obligations issued by the state of Minnesota and its political subdivisions.

The fund’s portfolio may include bonds issued to finance public infrastructure and essential services, such as schools, transportation systems, utilities, health care facilities and other governmental or community projects.