Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.0575 per share by the financial services provider on Friday, December 29th. This represents a $0.69 annualized dividend and a yield of 4.95%. The ex-dividend date is Thursday, December 14th.

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

Shares of Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) traded up $0.04 during trading on Monday, reaching $13.95. 560,043 shares of the company’s stock were exchanged, compared to its average volume of 373,380. Nuveen Dividend Advantage Municipal Fund has a 52 week low of $13.19 and a 52 week high of $14.46.

An institutional investor recently raised its position in Nuveen Dividend Advantage Municipal Fund stock. The Manufacturers Life Insurance Company grew its position in shares of Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) by 5,157.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,939 shares of the financial services provider’s stock after purchasing 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 quarter.

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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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