Nuveen Ohio Qua (NUO) to Issue $0.05 Monthly Dividend
Nuveen Ohio Qua (NYSE:NUO) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.052 per share by the asset manager on Friday, December 29th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date is Thursday, December 14th.
Nuveen Ohio Qua has decreased its dividend payment by an average of 8.0% annually over the last three years.
Nuveen Ohio Qua (NUO) traded down $0.02 during midday trading on Monday, hitting $14.64. 24,979 shares of the stock were exchanged, compared to its average volume of 23,626. Nuveen Ohio Qua has a 1-year low of $14.27 and a 1-year high of $15.46.
A hedge fund recently bought a new stake in Nuveen Ohio Qua stock. The Manufacturers Life Insurance Company purchased a new position in Nuveen Ohio Qua (NYSE:NUO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,686 shares of the asset manager’s stock, valued at approximately $145,000. Hedge funds and other institutional investors own 8.92% of the company’s stock.
About Nuveen Ohio Qua
Nuveen Ohio Quality Municipal Income Fund, formerly Nuveen Ohio Quality Income Municipal Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income exempt from both regular federal and designated state income taxes by investing in a portfolio of municipal obligations issued by state and local government authorities within a single state or certain the United States territories.
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