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

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.0735 per share on Thursday, August 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date of this dividend is Monday, July 15th. This is a positive change 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% per year over the last three years.

Nuveen Minnesota Quality Municipal Income Fund Stock Up 0.5 %

Nuveen Minnesota Quality Municipal Income Fund stock traded up $0.06 during midday trading on Tuesday, reaching $11.34. 28,791 shares of the company traded hands, compared to its average volume of 14,153. Nuveen Minnesota Quality Municipal Income Fund has a 12 month low of $9.21 and a 12 month high of $11.47. The business has a 50 day moving average of $11.03 and a two-hundred day moving average of $11.08.

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.