Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) declared a monthly dividend on Monday, June 1st, Zacks reports. Investors of record on Monday, June 15th will be paid a dividend of 0.057 per share by the financial services provider on Wednesday, July 1st. This represents a $0.68 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Friday, June 12th.

Nuveen Dividend Advantage Municipal Fund has increased its dividend payment by an average of 44.6% annually over the last three years.

Shares of Nuveen Dividend Advantage Municipal Fund stock traded down $0.02 during midday trading on Wednesday, hitting $14.04. The company had a trading volume of 5,302 shares, compared to its average volume of 694,151. Nuveen Dividend Advantage Municipal Fund has a 12-month low of $10.75 and a 12-month high of $15.26. The company has a fifty day simple moving average of $13.50 and a 200 day simple moving average of $14.18.

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

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