SmarterDividends
NMS

Nuveen Minnesota Quality Municipal Income Fund

NMS

Financial Services · Stock · monthly payer

Forward Yield

6.16%

Annual Dividend

$0.76

Payout Ratio

73%

5-Yr Growth

8.6%

Ex-Date

Jun 15, 2026

Frequency

Monthly

NMS Dividend Safety Score

51/ 100
Grade C

Borderline

Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage73% of earnings paid out
Yield vs its historyYield in line with its history

SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.

Dividend Growth

Total dividends per share by year

Is NMS a good dividend stock?

Mixed

Nuveen Minnesota Quality Municipal Income Fund (NMS) pays a monthly dividend yielding 6.16% ($0.76/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 8.6% 5-yr dividend growth

Risks

  • Cut its dividend in 2023
  • Share price is down over the past 5 years

Key Data

Dividend Yield
6.16%
Payout Ratio
73%
Annual Dividend
$0.76
5-Yr Avg Growth
8.6%
Ex-Dividend Date
Jun 15, 2026
Years of Growth
2
Frequency
monthly
Beta
Market Cap
$76.5M
P/E Ratio
5-Yr Total Return
-25%
52-Week Range
$11.07 – $12.49
Dividend Safety
C · 51/100
Ever Cut?
Yes (2023)
NMS ex-dividend date & scheduleNext ex-date Jun 15, 2026 · full ex-dividend historyView →

Frequently Asked Questions

Income Calculator

At $0.76 / yr per share

Per payment (monthly)$6.33
Annual$76.00
Monthly avg$6.33