Nuveen Ohio Qua (NYSE:NUO) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be given a dividend of 0.052 per share by the asset manager on Thursday, February 1st. This represents a $0.62 annualized dividend and a yield of 4.24%. The ex-dividend date is Thursday, January 11th.

Nuveen Ohio Qua has decreased its dividend by an average of 9.8% annually over the last three years.

Nuveen Ohio Qua (NYSE:NUO) traded up $0.07 during trading on Thursday, reaching $14.71. The company’s stock had a trading volume of 71,800 shares, compared to its average volume of 53,200. Nuveen Ohio Qua has a twelve month low of $14.27 and a twelve month high of $15.46.

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

Dividend History for Nuveen Ohio Qua (NYSE:NUO)

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