Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) declared a monthly dividend on Monday, June 1st, Zacks reports. Shareholders of record on Monday, June 15th will be given a dividend of 0.057 per share by the financial services provider on Wednesday, July 1st. This represents a $0.68 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Friday, June 12th.
Nuveen Dividend Advantage Municipal Fund has raised its dividend payment by an average of 44.6% annually over the last three years.
NAD traded down $0.05 during trading on Wednesday, reaching $14.01. The stock had a trading volume of 6,938 shares, compared to its average volume of 694,151. Nuveen Dividend Advantage Municipal Fund has a one year low of $10.75 and a one year high of $15.26. The stock’s 50 day moving average is $13.50 and its two-hundred day moving average is $14.18.
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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