Nuveen Dividend Advantage Municipal Fund (NAD) to Issue $0.06 Monthly Dividend
Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Friday, October 13th will be given a dividend of 0.06 per share by the financial services provider on Wednesday, November 1st. This represents a $0.72 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Thursday, October 12th.
Nuveen Dividend Advantage Municipal Fund has decreased its dividend by an average of 3.3% per year over the last three years.
Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) traded down 0.28% on Wednesday, reaching $14.08. 236,223 shares of the company’s stock were exchanged. Nuveen Dividend Advantage Municipal Fund has a one year low of $13.19 and a one year high of $14.90. The firm has a 50 day moving average of $14.29 and a 200-day moving average of $14.06.
A hedge fund recently raised its stake in Nuveen Dividend Advantage Municipal Fund stock. The Manufacturers Life Insurance Company raised its stake in Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) by 5,157.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,939 shares of the financial services provider’s stock after acquiring 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.
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Nuveen Dividend Advantage Municipal Fund Company Profile
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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