Favorable Media Coverage Somewhat Unlikely to Affect Nuveen Dividend Advantage Municipal Fund (NAD) Stock Price

Media coverage about Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) has trended positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Nuveen Dividend Advantage Municipal Fund earned a daily sentiment score of 0.35 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 47.8469678855361 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of Nuveen Dividend Advantage Municipal Fund (NYSE NAD) traded down 0.72% during mid-day trading on Friday, hitting $13.85. The stock had a trading volume of 652,906 shares. The company has a 50-day moving average of $14.19 and a 200 day moving average of $14.12. Nuveen Dividend Advantage Municipal Fund has a one year low of $13.19 and a one year high of $14.46.

The company also recently announced a monthly dividend, which will be paid on Thursday, November 2nd. Shareholders of record on Friday, October 13th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 5.20%. The ex-dividend date is Thursday, October 12th.

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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.

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