Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) to Issue $0.04 Monthly Dividend

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMTGet Rating) declared a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Shareholders of record on Friday, May 13th will be paid a dividend of 0.043 per share by the financial services provider on Wednesday, June 1st. This represents a $0.52 annualized dividend and a yield of 4.36%. The ex-dividend date is Thursday, May 12th.

Shares of NMT opened at $11.84 on Thursday. The firm’s 50-day moving average is $12.50 and its two-hundred day moving average is $14.19. Nuveen Massachusetts Quality Municipal Income Fund has a twelve month low of $11.56 and a twelve month high of $16.00.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley grew its position in Nuveen Massachusetts Quality Municipal Income Fund by 1.3% during the third quarter. Morgan Stanley now owns 109,465 shares of the financial services provider’s stock worth $1,684,000 after buying an additional 1,422 shares during the period. LPL Financial LLC grew its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 8.1% in the third quarter. LPL Financial LLC now owns 21,045 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 1,572 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 34,005 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 5,024 shares during the last quarter. UBS Group AG grew its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 13.2% in the third quarter. UBS Group AG now owns 52,554 shares of the financial services provider’s stock valued at $808,000 after purchasing an additional 6,132 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of Nuveen Massachusetts Quality Municipal Income Fund by 80.8% in the third quarter. Royal Bank of Canada now owns 15,348 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 6,861 shares during the last quarter. Institutional investors own 7.32% of the company’s stock.

About Nuveen Massachusetts Quality Municipal Income Fund (Get Rating)

Nuveen Massachusetts Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes.

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Dividend History for Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT)

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