Nuveen Mich Qua (NUM) to Issue Monthly Dividend of $0.05 on December 1st
Nuveen Mich Qua (NYSE:NUM) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders 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 dividend yield of 4.79%. The ex-dividend date is Tuesday, November 14th.
Nuveen Mich Qua has decreased its dividend payment by an average of 3.8% per year over the last three years.
Shares of Nuveen Mich Qua (NYSE NUM) traded down $0.03 during midday trading on Monday, hitting $13.41. The stock had a trading volume of 30,500 shares, compared to its average volume of 27,492. Nuveen Mich Qua has a one year low of $12.90 and a one year high of $14.05.
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About Nuveen Mich Qua
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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