Nuveen Dividend Advantage Municipal Fund Plans Monthly Dividend of $0.06 (NAD)
Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) declared a monthly dividend on Tuesday, October 3rd, NASDAQ reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.06 per share by the financial services provider on Thursday, November 2nd. This represents a $0.72 annualized dividend and a yield of 5.10%. The ex-dividend date is Thursday, October 12th.
Nuveen Dividend Advantage Municipal Fund has decreased its dividend payment by an average of 3.3% per year over the last three years.
Shares of Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) traded down 0.14% during mid-day trading on Wednesday, hitting $14.10. 279,102 shares of the stock were exchanged. The stock’s 50 day moving average is $14.29 and its 200-day moving average is $14.06. Nuveen Dividend Advantage Municipal Fund has a 12 month low of $13.19 and a 12 month high of $14.90.
An institutional investor recently raised its position in Nuveen Dividend Advantage Municipal Fund stock. The Manufacturers Life Insurance Company lifted its holdings in Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) by 5,157.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,939 shares of the financial services provider’s stock after acquiring an additional 7,788 shares during the quarter. 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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