Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) announced a monthly dividend on Monday, December 3rd, NASDAQ reports. Investors 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 yield of 5.12%. The ex-dividend date of this dividend is Thursday, December 13th.

Nuveen Dividend Advantage Municipal Fund has decreased its dividend by an average of 5.2% annually over the last three years.

NAD traded down $0.04 during trading hours on Friday, hitting $12.65. The company’s stock had a trading volume of 689,191 shares, compared to its average volume of 391,708. Nuveen Dividend Advantage Municipal Fund has a fifty-two week low of $12.24 and a fifty-two week high of $14.20.

In related news, insider Terence J. Toth sold 4,444 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $12.75, for a total value of $56,661.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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Nuveen Dividend Advantage Municipal Fund Company Profile

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: Yield Curve

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

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