Nuveen Dividend Advantage Municipal Fund to Issue Monthly Dividend of $0.06 (NAD)

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.

A hedge fund recently raised its stake in Nuveen Dividend Advantage Municipal Fund stock. The Manufacturers Life Insurance Company grew its holdings in Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) by 5,157.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,939 shares of the financial services provider’s stock after purchasing an additional 7,788 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Nuveen Dividend Advantage Municipal Fund were worth $111,000 as of its most recent SEC filing.

COPYRIGHT VIOLATION NOTICE: “Nuveen Dividend Advantage Municipal Fund to Issue Monthly Dividend of $0.06 (NAD)” was reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.themarketsdaily.com/2018/01/10/nuveen-dividend-advantage-municipal-fund-to-issue-monthly-dividend-of-0-06-nad.html.

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.

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

Receive News & Ratings for Nuveen Dividend Advantage Municipal Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Dividend Advantage Municipal Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply