Dividends
Dividend payments are $0.81 per share, with a current dividend yield of 6.74%. The company has dividend history for 2 consecutive years.
NMS Dividend Summary
6.74%
$0.81
75.53%
54.51%
Consecutive Years
2
Most Recent Ex-Date
Jun 15, 2026
Next Payment Date
Jul 1, 2026
NMS Dividends per Share (Nominal History)
View full nominal table listThis step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.
NMS Dividends CAGR Chart
Nuveen Minnesota Quality Municipal Income Fund (NMS)
Annual Dividend History
| Year | Dividend/Share | YoY Growth |
|---|---|---|
| 2026(YTD) | $0.40 | — |
| 2025 | $0.85 | +14.40% |
| 2024 | $0.75 | +68.89% |
| 2023 | $0.44 | -25.02% |
| 2022 | $0.59 | -6.43% |
| 2021 | $0.63 | +8.06% |
| 2020 | $0.58 | -1.52% |
| 2019 | $0.59 | -11.51% |
| 2018 | $0.67 | -12.56% |
| 2017 | $0.77 | -4.48% |
| 2016 | $0.80 | -2.08% |
| 2015 | $0.82 | N/A |
| 2014 | $0.83 | N/A |
| 2013 | $0.89 | +2.78% |
| 2012 | $0.86 | +2.25% |
| 2011 | $0.85 | N/A |
Quarterly Dividend History
| Quarter | Dividend/Share | YoY Growth |
|---|---|---|
| Q2 2026 | $0.20 | -11.11% |
| Q1 2026 | $0.20 | -9.52% |
| Q4 2025 | $0.20 | -9.52% |
| Q3 2025 | $0.21 | -3.17% |
| Q2 2025 | $0.22 | +27.09% |
| Q1 2025 | $0.22 | +67.05% |
| Q4 2024 | $0.22 | +86.86% |
| Q3 2024 | $0.22 | +104.17% |
| Q2 2024 | $0.17 | +60.65% |
| Q1 2024 | $0.13 | +22.22% |
| Q4 2023 | $0.12 | -9.58% |
| Q3 2023 | $0.11 | -25.00% |
| Q2 2023 | $0.11 | -31.43% |
| Q1 2023 | $0.11 | -31.43% |
| Q4 2022 | $0.13 | -17.14% |
| Q3 2022 | $0.14 | -8.57% |
| Q2 2022 | $0.16 | +0.00% |
| Q1 2022 | $0.16 | +0.00% |
| Q4 2021 | $0.16 | +0.00% |
| Q3 2021 | $0.16 | +8.25% |
| Q2 2021 | $0.16 | +14.55% |
| Q1 2021 | $0.16 | +10.53% |
| Q4 2020 | $0.16 | +7.14% |
| Q3 2020 | $0.15 | -1.02% |
Dividend Yield Metrics
- Current Yield
- 6.74%
- Average Yield (TTM)
- 6.30%
- Average Yield (3Y)
- 5.67%
- Forward Yield on Cost (3Y)
- 8.54%
- Forward Yield on Cost (5Y)
- 10.46%
- Forward Yield on Cost (10Y)
- 17.37%
Payout Ratio Analysis
- Payout Ratio (Current)
- 75.53%
- FCF Payout Ratio
- 54.51%
- Payout Ratio (3Y Avg)
- 189.72%
- Payout Ratio (5Y Avg)
- 163.85%
- FCF Payout (3Y Avg)
- 171.63%
- FCF Payout (5Y Avg)
- 139.76%
An FCF payout above 100% means dividends exceeded the period's free cash flow, often because of temporarily depressed FCF (one-off capex or working-capital swings) rather than an unfunded dividend. Compare against the earnings payout ratio and the multi-year trend before drawing a conclusion.
Dividend Coverage
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