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Nuveen Municipal Advantage Fund (NYSE:NMA) announced a monthly dividend on Monday, August 4th, Analyst Ratings Network reports. Investors of record on Friday, August 15th will be paid a dividend of 0.067 per share on Tuesday, September 2nd. This represents a $0.80 annualized dividend and a dividend yield of 5.94%. The ex-dividend date is Wednesday, August 13th.

Nuveen Municipal Advantage Fund (NYSE:NMA) traded down 0.74% during mid-day trading on Monday, hitting $13.47. 167,569 shares of the company’s stock traded hands. Nuveen Municipal Advantage Fund has a 52-week low of $11.76 and a 52-week high of $13.67. The stock’s 50-day moving average is $13.37 and its 200-day moving average is $13.17.

Nuveen Municipal Advantage Fund, Inc (NYSE:NMA) is a closed-end management investment company.

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