NYSE · Asset Management · USD

Nuveen Minnesota Quality Municipal Income Fund (NMS) Stock Analysis

Nuveen Minnesota Quality Municipal Income Fund (NMS) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

NMS

$10.15

−$0.03 (−0.25%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NMS Key Statistics

As of Oct 21, 2026

Trading

Open: $10.15
Previous Close: $10.17
Day's Range: 10.14–10.18
52-Week Range: 9.48–12.50
Volume: 3.49K

Valuation

Market Cap: $65.03M
P/E Ratio: 8.75
EPS (ttm): 1.16

Financials (FY)

Revenue (FY): −$88.51K−104.46%
Net Income (FY): −$254.62K−113.81%
Shares Outstanding: 6.41M
1-Year Return: −10.03%

Dividend and dates

Dividend: $0.76+7.43%
Ex-Dividend Date: September 15, 2026
Avg Volume: 33.95K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NMS closed at $10.15, −10.03% over 1 year.

Nuveen Minnesota Quality Municipal Income Fund (NMS) has a market capitalization of $65.03M.

In fiscal 2024, NMS reported revenue of −$88.51K.

NMS Stock Return by Calendar Year

Nuveen Minnesota Quality Municipal Income Fund (NMS) 10-year return: what $10,000 became

1 year: $10,000 $8,997; −10.03%
5 years: $10,000 $8,565; −14.35%
10 years: $10,000 $9,899; −1.01%

If you had invested $10,000 in Nuveen Minnesota Quality Municipal Income Fund (NMS) 10 years ago, at the close on October 21, 2016, it would have been worth $9,899 at the close on October 21, 2026: −1.01% in total, −0.10% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+25.72%−21.86%−10.08%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−10.08%
2025	+2.15%
2024	+19.62%
2023	+1.57%
2022	−21.86%
2021	+5.51%
2020	+5.84%
2019	+25.72%
2018	−13.31%
2017	−1.56%
2016 (partial year)	−7.20%

As of October 21, 2026.

NMS Revenue and Earnings by Fiscal Year

FY ends May

RevenueNet income

2021202220232024

Fiscal year	Revenue	Net income	Net margin
2024	−$88.51K	−$254.62K	287.7%
2023	$1.98M	$1.84M	92.9%
2022	−$2.91M	−$3.07M	105.4%
2021	−$7.59M	−$7.72M	101.7%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2024	−$88.51K	—	—	−$254.62K	287.7%
2023	$1.98M	—	—	$1.84M	92.9%
2022	−$2.91M	—	—	−$3.07M	105.4%
2021	−$7.59M	—	—	−$7.72M	101.7%

Annual figures as reported, in the company's reporting currency. As of May 31, 2025.

NMS Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.86+14.7% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.59	9	—
2025	$0.86	12	+14.7%
2024	$0.75	12	+69.7%
2023	$0.44	12	−25.6%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.59	9	—
2025	$0.86	12	+14.7%
2024	$0.75	12	+69.7%
2023	$0.44	12	−25.6%
2022	$0.59	12	−6.6%
2021	$0.64	12	+8.2%
2020	$0.59	12	−0.7%
2019	$0.59	12	−11.5%
2018	$0.67	12	−13.0%
2017	$0.77	12	+465.4%
2016	$0.14	2	—

Most recent payment: $0.07 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NMS Valuation vs Asset Management Median

Median of 512 stocks

Metric	NMS	Asset Management median	vs median
P/E	8.75	9.44	7% below

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Nuveen Minnesota Quality Municipal Income Fund (NMS) is capitalised at $65.03M on the latest close. The company sits in the Financial Services sector, in the Asset Management industry.

Over the past 52 weeks the price has ranged from $9.48 to $12.50. NMS last closed at $10.15 on October 21, 2026. That is −$0.03 (−0.25%) against the previous close. The latest close sits 7.01% above that 52-week low.

Financial Health

Fiscal 2024 revenue came to −$88.51K. Against the prior fiscal year total of $1.98M, that is a change of −104.46%. The same year closed with a net loss of $254.62K. Trailing earnings per share are 1.16.

Across the 4 fiscal years on file, revenue moves from −$7.59M in 2021 to −$88.51K in 2024. Of those 4 years, 1 report positive net income.

Valuation Assessment

NMS trades at a trailing price-to-earnings ratio of 8.75. That is 7.31% below the Asset Management median of 9.44. The medians here are taken across 512 Asset Management companies that report the metric.

Annualized volatility over the trailing 10 years is 14.58%. The trailing one-year total return is −10.03%. Across 10 years the annualized return works out at −0.10%.

Growth & Income

NMS pays a dividend yielding 7.43%. That is 1.5 percentage points below the Asset Management median yield of 8.91%. The indicated annual rate is $0.76 a share. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 11 calendar years; 2026 shows 9 payments totalling $0.59 a share. The year before, 2025, totalled $0.86 a share.

2026 is still running; the total return is −10.08% year to date. Across the complete calendar years on file, 2019 returned +25.72% and 2022 returned −21.86%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

Nuveen Minnesota Quality Municipal Income Fund (NMS) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Nuveen Minnesota Quality Municipal Income Fund	NMS	$65.03M	8.8
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. Nuveen Minnesota Quality Municipal Income Fund trades at a P/E of 8.8.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Nuveen Minnesota Quality Municipal Income Fund

Nuveen Minnesota 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 the United States. The fund primarily invests in investment grade municipal securities that are exempt from regular federal and Minnesota personal income taxes. It seeks to invest in securities that are rated at least Baa/BBB or better by S&P, Moody's, or Fitch. The fund was formerly known as Nuveen Minnesota Municipal Income Fund. Nuveen Minnesota Quality Municipal Income Fund was formed on June 25, 1993 and is domiciled in the United States.

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