Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be paid a dividend of 0.0575 per share by the financial services provider on Thursday, February 1st. This represents a $0.69 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Thursday, January 11th.
Nuveen Dividend Advantage Municipal Fund has decreased its dividend payment by an average of 5.2% annually over the last three years.
Shares of Nuveen Dividend Advantage Municipal Fund (NYSE NAD) opened at $13.96 on Wednesday. Nuveen Dividend Advantage Municipal Fund has a fifty-two week low of $13.19 and a fifty-two week high of $14.46.
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About Nuveen Dividend Advantage Municipal Fund
Nuveen Quality Municipal Income Fund is a diversified, closed-end management investment company. The Fund seeks to provide current income exempt from regular federal income tax and to enhance portfolio value. The Fund invests in municipal securities that are exempt from federal income taxes. The Fund’s portfolio of investments includes investments in various sectors, such as transportation, healthcare, tax obligation/limited, the United States guaranteed, tax obligation/general, utilities, education and civic organizations, water and sewer, consumer staples, industrials and other.
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