Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) announced a monthly dividend on Monday, December 3rd, NASDAQ reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.054 per share by the financial services provider on Monday, December 31st. This represents a $0.65 annualized dividend and a dividend yield of 5.12%. The ex-dividend date is Thursday, December 13th.
Nuveen Dividend Advantage Municipal Fund has decreased its dividend by an average of 5.2% per year over the last three years.
Shares of NAD stock traded down $0.04 during mid-day trading on Friday, hitting $12.65. 689,191 shares of the stock were exchanged, compared to its average volume of 391,708. Nuveen Dividend Advantage Municipal Fund has a 52-week low of $12.24 and a 52-week high of $14.20.
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About Nuveen Dividend Advantage Municipal Fund
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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