Nuveen Ohio Qua (NUO) Announces Monthly Dividend of $0.06
Nuveen Ohio Qua (NYSE:NUO) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be paid a dividend of 0.0555 per share by the asset manager on Friday, December 1st. This represents a $0.67 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Tuesday, November 14th.
Nuveen Ohio Qua has decreased its dividend payment by an average of 8.0% annually over the last three years.
A hedge fund recently bought a new stake in Nuveen Ohio Qua stock. The Manufacturers Life Insurance Company purchased a new stake in shares of Nuveen Ohio Qua (NYSE:NUO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,686 shares of the asset manager’s stock, valued at approximately $145,000. Hedge funds and other institutional investors own 9.00% of the company’s stock.
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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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