Nuveen Ohio Qua (NYSE:NUO) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be paid a dividend of 0.052 per share by the asset manager on Thursday, February 1st. This represents a $0.62 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Thursday, January 11th.
Nuveen Ohio Qua has decreased its dividend payment by an average of 9.8% annually over the last three years.
Shares of Nuveen Ohio Qua (NUO) traded up $0.03 during trading hours on Thursday, hitting $14.74. The company’s stock had a trading volume of 22,200 shares, compared to its average volume of 26,943. Nuveen Ohio Qua has a fifty-two week low of $14.27 and a fifty-two week 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 shares of Nuveen Ohio Qua (NYSE:NUO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,686 shares of the asset manager’s stock, valued at approximately $145,000. 8.92% of the stock is owned by institutional investors.
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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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