Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) Stock Price Crosses Above 50-Day Moving Average of $14.42
Nuveen Dividend Advantage Municipal Fund (NYSE:NAD)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.42 and traded as high as $14.48. Nuveen Dividend Advantage Municipal Fund shares last traded at $14.47, with a volume of 4,517 shares changing hands.
The firm’s 50 day moving average is $14.42 and its two-hundred day moving average is $14.00.
The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.054 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.65 annualized dividend and a dividend yield of 4.47%.
About Nuveen Dividend Advantage Municipal Fund (NYSE:NAD)
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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