Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Shareholders to Receive $0.06 Monthly Dividend

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0630 per share on Monday, November 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Thursday, October 15th.

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

NYSE NMS opened at $9.97 on Friday. Nuveen Minnesota Quality Municipal Income Fund has a 1 year low of $9.48 and a 1 year high of $12.50. The company has a fifty day moving average of $10.89 and a 200 day moving average of $11.72.

Hedge Funds Weigh In On Nuveen Minnesota Quality Municipal Income Fund

Several hedge funds have recently modified their holdings of NMS. Redhawk Wealth Advisors Inc. raised its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 4.4% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 34,224 shares of the company’s stock worth $414,000 after purchasing an additional 1,444 shares in the last quarter. Cetera Investment Advisers increased its holdings in Nuveen Minnesota Quality Municipal Income Fund by 118.1% during the first quarter. Cetera Investment Advisers now owns 44,534 shares of the company’s stock worth $543,000 after buying an additional 24,119 shares during the last quarter. Finally, Artesa Financial Group LLC bought a new stake in Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth $142,000.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment fund managed by Nuveen. The fund seeks to provide current income that is exempt from regular federal income tax and Minnesota state income tax by investing primarily in municipal obligations issued by the state of Minnesota and its political subdivisions.

The fund’s portfolio may include bonds issued to finance public infrastructure and essential services, such as schools, transportation systems, utilities, health care facilities and other governmental or community projects.