Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Friday, October 13th will be paid a dividend of 0.06 per share by the financial services provider on Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Thursday, October 12th.

Nuveen Dividend Advantage Municipal Fund has decreased its dividend by an average of 3.3% per year over the last three years.

Nuveen Dividend Advantage Municipal Fund (NYSE NAD) traded down 0.28% during midday trading on Tuesday, reaching $14.12. 301,411 shares of the company traded hands. Nuveen Dividend Advantage Municipal Fund has a 12 month low of $13.19 and a 12 month high of $15.07. The firm’s 50 day moving average price is $14.30 and its 200 day moving average price is $14.06.

A hedge fund recently raised its stake in Nuveen Dividend Advantage Municipal Fund stock. The Manufacturers Life Insurance Company increased its holdings in shares of Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) by 5,157.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,939 shares of the financial services provider’s stock after acquiring an additional 7,788 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Nuveen Dividend Advantage Municipal Fund were worth $111,000 at the end of the most recent reporting period.

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About Nuveen Dividend Advantage Municipal Fund

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.

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

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