Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Plans Monthly Dividend of $0.07

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.0735 per share on Thursday, May 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date is Tuesday, April 15th.

Nuveen Minnesota Quality Municipal Income Fund has increased its dividend payment by an average of 7.3% annually over the last three years.

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

NMS traded up $0.03 during trading hours on Thursday, hitting $12.06. 26,834 shares of the company’s stock were exchanged, compared to its average volume of 15,152. Nuveen Minnesota Quality Municipal Income Fund has a 1-year low of $10.62 and a 1-year high of $13.76. The stock’s 50-day moving average is $12.33 and its two-hundred day moving average is $12.70.

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.