Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) Announces Dividend Increase – $0.05 Per Share

Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) announced a monthly dividend on Thursday, January 2nd, Zacks reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.054 per share by the financial services provider on Monday, February 3rd. This represents a $0.65 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, January 14th. This is a positive change from Nuveen Dividend Advantage Municipal Fund’s previous monthly dividend of $0.05.

Nuveen Dividend Advantage Municipal Fund has decreased its dividend payment by an average of 8.7% annually over the last three years.

NAD opened at $14.76 on Monday. The firm has a 50-day moving average price of $14.57 and a 200-day moving average price of $14.39. Nuveen Dividend Advantage Municipal Fund has a twelve month low of $12.97 and a twelve month high of $14.76.

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.

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

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