Nuveen Ohio Qua (NYSE:NUO) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Friday, October 13th will be given a dividend of 0.0555 per share by the asset manager on Wednesday, November 1st. This represents a $0.67 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Thursday, October 12th.
Nuveen Ohio Qua has decreased its dividend by an average of 8.0% per year over the last three years.
Shares of Nuveen Ohio Qua (NYSE NUO) traded down 0.53% during midday trading on Friday, hitting $15.00. 430 shares of the stock traded hands. The firm’s 50 day moving average price is $15.18 and its 200 day moving average price is $15.08. Nuveen Ohio Qua has a 12-month low of $14.27 and a 12-month high of $15.68.
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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) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,686 shares of the asset manager’s stock, valued at approximately $145,000. 9.05% of the stock is owned by hedge funds and other institutional investors.
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.