Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) declared a monthly dividend on Monday, December 3rd, NASDAQ reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.054 per share by the financial services provider on Monday, December 31st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Thursday, December 13th.
Nuveen Dividend Advantage Municipal Fund has decreased its dividend by an average of 5.2% per year over the last three years.
Shares of NYSE NAD traded down $0.04 on Friday, reaching $12.65. 689,191 shares of the company traded hands, compared to its average volume of 391,708. Nuveen Dividend Advantage Municipal Fund has a fifty-two week low of $12.24 and a fifty-two week high of $14.20.
In other news, insider Terence J. Toth sold 4,444 shares of the business’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $12.75, for a total transaction of $56,661.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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About Nuveen Dividend Advantage Municipal Fund
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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