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

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.063 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Wednesday, July 15th.

Nuveen Minnesota Quality Municipal Income Fund Price Performance

NMS stock opened at $12.20 on Thursday. The stock’s fifty day simple moving average is $12.19 and its two-hundred day simple moving average is $12.06. Nuveen Minnesota Quality Municipal Income Fund has a 1-year low of $11.07 and a 1-year high of $12.49.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment company managed by Nuveen, a global asset manager specializing in fixed income and tax-advantaged strategies. The fund’s primary objective is to provide current income exempt from federal and Minnesota state personal income taxes by investing predominantly in municipal securities issued by entities located in or serving the state of Minnesota.

The fund’s portfolio is concentrated in investment-grade general obligation and revenue bonds that finance public projects such as schools, transportation infrastructure, and utilities throughout Minnesota.