Nuveen Ohio Qua to Issue Monthly Dividend of $0.05 (NUO)

Nuveen Ohio Qua (NYSE:NUO) declared 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 of this dividend is Thursday, December 14th.

Nuveen Ohio Qua has decreased its dividend by an average of 8.0% annually over the last three years.

Nuveen Ohio Qua (NYSE NUO) traded down $0.02 during midday trading on Tuesday, hitting $14.64. 24,900 shares of the stock were exchanged, compared to its average volume of 23,626. Nuveen Ohio Qua has a one year low of $14.27 and a one year high of $15.46.

An institutional investor recently bought a new position in Nuveen Ohio Qua stock. The Manufacturers Life Insurance Company bought a new position in shares of Nuveen Ohio Qua (NYSE:NUO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,686 shares of the asset manager’s stock, valued at approximately $145,000. Institutional investors and hedge funds own 8.92% of the company’s stock.

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Nuveen Ohio Qua Company Profile

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.

Dividend History for Nuveen Ohio Qua (NYSE:NUO)

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