Yield on Cost (YOC): 6.30%
The yield on cost (YOC) is 6.30%.
NMS Yield on Cost (YOC) Metrics
YIELD ON COST (YOC)
6.30%
Yield on Cost for NMS
NMS now pays $0.76 per share a year. Measured against the price it actually traded at back then, a long-term holder is earning:
| If you bought | Price then | Yield on cost today |
|---|---|---|
| 10 years ago(2016-06-27) | $16.99 | 4.47% |
| 5 years ago(2021-06-24) | $16.32 | 4.66% |
| 3 years ago(2023-06-27) | $11.16 | 6.81% |
| 1 year ago(2025-06-26) | $11.30 | 6.73% |
| Buying today(at $12.00) | $12.00 | 6.30% |
If you buy today and the dividend keeps growing
Projection: starting from today's 6.30% yield, assuming the dividend keeps compounding at its historical 7.9% rate. Boards set dividends each year, so actual figures will differ.
Today
6.30%
In 3 years
8.54%
In 5 years
10.46%
In 10 years
17.37%
Yield on Cost Calculator
Try your own purchase price, dividend and growth rate for Nuveen Minnesota Quality Municipal Income Fund (NMS).
Starting Yield
6.33%
Ending YOC
19.92%
Year 15 Dividend
$2.39
Cum. Dividends Recd.
$22.17
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.76 | — | 6.33% | $0.00 |
| Year 1 | $0.82 | +7.94% | 6.84% | $0.82 |
| Year 2 | $0.89 | +7.94% | 7.38% | $1.71 |
| Year 3 | $0.96 | +7.94% | 7.96% | $2.66 |
| Year 4 | $1.03 | +7.94% | 8.60% | $3.69 |
| Year 5 | $1.11 | +7.94% | 9.28% | $4.81 |
| Year 6 | $1.20 | +7.94% | 10.02% | $6.01 |
| Year 7 | $1.30 | +7.94% | 10.81% | $7.31 |
| Year 8 | $1.40 | +7.94% | 11.67% | $8.71 |
| Year 9 | $1.51 | +7.94% | 12.60% | $10.22 |
| Year 10 | $1.63 | +7.94% | 13.60% | $11.85 |
| Year 11 | $1.76 | +7.94% | 14.68% | $13.61 |
| Year 12 | $1.90 | +7.94% | 15.84% | $15.51 |
| Year 13 | $2.05 | +7.94% | 17.10% | $17.56 |
| Year 14 | $2.21 | +7.94% | 18.46% | $19.78 |
| Year 15 | $2.39 | +7.94% | 19.92% | $22.17 |
Yield on Cost (YOC) Formula & Definition
Yield on cost is the dividend yield measured against your original purchase price, not today's price. As a company raises its dividend, the yield on what you actually paid keeps rising even when the market yield holds steady.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Yield on Cost (YOC) FAQ
- What is the yield on cost (YOC) for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The yield on cost (YOC) for NMS stock is 6.30%.
About Nuveen Minnesota Quality Municipal Income Fund
The Nuveen Minnesota Quality Municipal Income Fund (NMS) operates as a closed-end mutual fund, focusing on fixed income assets, initially launched by Nuveen Investments, Inc. Its management responsibilities are jointly handled by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates its capital within the fixed income markets across the United States. A core part of its strategy involves investing in investment-grade municipal bonds that provide exemptions from regular federal and Minnesota personal income taxes. To ensure quality, the fund targets securities with a credit rating of at least Baa/BBB or better, as assessed by S&P, Moody's, or Fitch. This fund, formerly recognized as the Nuveen Minnesota Municipal Income Fund, was established on June 25, 1993, and is domiciled in the United States.
- Sector
- Financial Services
- Industry
- Asset Management - Income
- CEO
- Christopher L. Drahn