Looking at the universe of stocks we cover at Dividend Channel, on 6/12/13, Nuveen California Dividend Advantage Municipal Fund III (NZH) will trade ex-dividend, for its monthly dividend of $0.067, payable on 7/1/13. As a percentage of NZH's recent stock price of $13.03, this dividend works out to approximately 0.51%, so look for shares of Nuveen California Dividend Advantage Municipal Fund III to trade 0.51% lower — all else being equal — when NZH shares open for trading on 6/12/13.
Below is a dividend history chart for NZH, showing historical dividends prior to the most recent $0.067 declared by Nuveen California Dividend Advantage Municipal Fund III:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NZH is likely to continue, and whether the current estimated yield of 6.17% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NZH shares, versus its 200 day moving average:Looking at the chart above, NZH's low point in its 52 week range is $12.69 per share, with $14.96 as the 52 week high point — that compares with a last trade of $13.00.
According to Preferred Stock Channel, there is are 3 series of preferred stock that are senior to NZH — find out what they are ». In Monday trading, Nuveen California Dividend Advantage Municipal Fund III shares are currently down about 0.4% on the day.