Nuveen Dividend Advantage Municipal Fund to Issue Monthly Dividend of $0.05 (NYSE:NAD)

Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.0535 per share by the financial services provider on Tuesday, December 31st. This represents a $0.64 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Thursday, December 12th.

NYSE NAD traded up $0.07 during mid-day trading on Wednesday, hitting $14.60. The stock had a trading volume of 657,263 shares, compared to its average volume of 422,668. The firm’s 50 day moving average is $14.39 and its 200 day moving average is $14.24. Nuveen Dividend Advantage Municipal Fund has a twelve month low of $12.42 and a twelve month high of $14.67.

Nuveen Dividend Advantage Municipal Fund Company Profile

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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Dividend History for Nuveen Dividend Advantage Municipal Fund (NYSE:NAD)

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