Nuveen Mich Qua (NUM) to Issue Monthly Dividend of $0.05
Nuveen Mich Qua (NYSE:NUM) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.0535 per share by the investment management company on Friday, December 1st. This represents a $0.64 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Tuesday, November 14th.
Nuveen Mich Qua has decreased its dividend by an average of 3.8% annually over the last three years.
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Nuveen Mich Qua Company Profile
Nuveen Michigan Quality Income Municipal Fund is a closed-end management investment company. The fund seeks current income exempt from federal and Michigan income tax, as well as the Michigan intangibles tax. The secondary objective is the enhancement of portfolio value. The fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade (Baa/BBB, S&P, Moody’s, or Fitch).
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