Nuveen Minnesota Quality Municipal Income Fund (NMS) to Issue Monthly Dividend of $0.07 on September 3rd

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) declared a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.073 per share on Tuesday, September 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date is Thursday, August 15th.

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

NYSE:NMS traded up $0.02 during mid-day trading on Friday, reaching $12.08. The company’s stock had a trading volume of 10,791 shares, compared to its average volume of 14,815. Nuveen Minnesota Quality Municipal Income Fund has a 12-month low of $9.21 and a 12-month high of $12.27. The firm’s fifty day moving average price is $11.43 and its two-hundred day moving average price is $11.19.

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.