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Cash Dividend On The Way From Nuveen Dividend Advantage Municipal Fund II (NXZ)

Looking at the universe of stocks we cover at Dividend Channel, on 4/11/13, Nuveen Dividend Advantage Municipal Fund II (NXZ) NXZ will trade ex-dividend, for its monthly dividend of $0.067, payable on 5/1/13. As a percentage of NXZ's recent stock price of $15.38, this dividend works out to approximately 0.44%.

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Below is a dividend history chart for NXZ, showing historical dividends prior to the most recent $0.067 declared by Nuveen Dividend Advantage Municipal Fund II:

NXZ+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NXZ is likely to continue, and whether the current estimated yield of 5.23% on annualized basis is a reasonable expectation of annual yield going forward.



According to the ETF Finder at ETF Channel, NXZ makes up 1.46% of the CEF Municipal Income ETF (XMPT) XMPT which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Nuveen Dividend Advantage Municipal Fund II shares are currently trading flat on the day.

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