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

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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 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, December 12th.

NAD stock opened at $14.61 on Tuesday. The firm has a fifty day moving average price of $14.42 and a 200 day moving average price of $14.26. Nuveen Dividend Advantage Municipal Fund has a fifty-two week low of $12.42 and a fifty-two week high of $14.67.

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.

See Also: Municipal Bonds

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

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