Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.054 per share by the financial services provider on Tuesday, September 3rd. This represents a $0.65 annualized dividend and a yield of 4.44%. The ex-dividend date is Wednesday, August 14th.
Nuveen Dividend Advantage Municipal Fund has decreased its dividend by an average of 5.4% per year over the last three years.
Shares of Nuveen Dividend Advantage Municipal Fund stock opened at $14.59 on Tuesday. The firm’s fifty day simple moving average is $14.20. Nuveen Dividend Advantage Municipal Fund has a 1 year low of $12.24 and a 1 year high of $14.60.
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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