Nuveen Municipal Advantage Fund, Inc. Plans Monthly Dividend of $0.07 (NMA)
Nuveen Municipal Advantage Fund (NYSE:NMA) announced a monthly dividend on Wednesday, October 2nd, American Banking News reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.067 per share on Friday, November 1st. This represents a $0.80 annualized dividend and a dividend yield of 6.48%. The ex-dividend date is Thursday, October 10th.
Nuveen Municipal Advantage Fund (NYSE:NMA) traded down 0.56% during mid-day trading on Wednesday, hitting $12.40. 205,248 shares of the company’s stock traded hands. Nuveen Municipal Advantage Fund has a 52-week low of $11.79 and a 52-week high of $16.16. The stock has a 50-day moving average of $12.25 and a 200-day moving average of $13.4.
Nuveen Municipal Advantage Fund, Inc (NYSE:NMA) is a closed-end management investment company.
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