Nuveen Dividend Advantage Municipal Fund (NYSE:NAD)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.39 and traded as high as $14.43. Nuveen Dividend Advantage Municipal Fund shares last traded at $14.43, with a volume of 174,834 shares changing hands.
The firm’s 50-day moving average price is $14.39 and its 200 day moving average price is $14.19.
The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.054 dividend. This represents a $0.65 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, November 14th.
About Nuveen Dividend Advantage Municipal Fund (NYSE:NAD)
Nuveen Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.
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