Nuveen Minnesota Quality Municipal Income Fund (NMS) to Issue Monthly Dividend of $0.06 on October 1st

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.063 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Tuesday, September 15th.

Nuveen Minnesota Quality Municipal Income Fund Trading Down 0.6%

Shares of NYSE:NMS opened at $10.53 on Thursday. Nuveen Minnesota Quality Municipal Income Fund has a twelve month low of $10.51 and a twelve month high of $12.50. The company has a 50-day moving average price of $11.71 and a two-hundred day moving average price of $11.99.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter worth about $133,000. Mariner LLC bought a new position in Nuveen Minnesota Quality Municipal Income Fund during the 4th quarter worth approximately $140,000. Artesa Financial Group LLC purchased a new position in shares of Nuveen Minnesota Quality Municipal Income Fund in the fourth quarter worth $142,000. LPL Financial LLC bought a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the fourth quarter valued at about $148,000. Finally, Osaic Holdings Inc. raised its position in Nuveen Minnesota Quality Municipal Income Fund by 20.3% during the 2nd quarter. Osaic Holdings Inc. now owns 12,797 shares of the company’s stock valued at $146,000 after purchasing an additional 2,157 shares during the last quarter.

About Nuveen Minnesota Quality Municipal Income Fund

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.