NUVEEN MICH QUA (NUM) to Issue Monthly Dividend of $0.05 on November 1st
NUVEEN MICH QUA (NYSE:NUM) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Friday, October 13th will be paid a dividend of 0.0535 per share by the investment management company on Wednesday, November 1st. This represents a $0.64 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Thursday, October 12th.
NUVEEN MICH QUA has decreased its dividend payment by an average of 3.8% annually over the last three years.
Shares of NUVEEN MICH QUA (NYSE:NUM) opened at 13.63 on Friday. The stock’s 50 day moving average price is $13.80 and its 200 day moving average price is $13.69. NUVEEN MICH QUA has a one year low of $12.90 and a one year high of $14.46.
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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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