Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Announces Dividend Increase – $0.07 Per Share

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.0735 per share on Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Nuveen Minnesota Quality Municipal Income Fund’s previous monthly dividend of $0.07.

Nuveen Minnesota Quality Municipal Income Fund has decreased its dividend payment by an average of 8.8% annually over the last three years.

Nuveen Minnesota Quality Municipal Income Fund Price Performance

Nuveen Minnesota Quality Municipal Income Fund stock opened at $13.42 on Thursday. The firm has a 50 day moving average price of $13.09 and a 200-day moving average price of $12.12. Nuveen Minnesota Quality Municipal Income Fund has a twelve month low of $10.04 and a twelve month high of $13.76.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

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.