Looking at the universe of stocks we cover at Dividend Channel, on 6/12/13, Nuveen California Dividend Advantage Municipal Fund (NAC) will trade ex-dividend, for its monthly dividend of $0.074, payable on 7/1/13. As a percentage of NAC's recent stock price of $14.43, this dividend works out to approximately 0.51%, so look for shares of Nuveen California Dividend Advantage Municipal Fund to trade 0.51% lower — all else being equal — when NAC shares open for trading on 6/12/13.
Below is a dividend history chart for NAC, showing historical dividends prior to the most recent $0.074 declared by Nuveen California Dividend Advantage Municipal Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NAC is likely to continue, and whether the current estimated yield of 6.15% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NAC shares, versus its 200 day moving average:Looking at the chart above, NAC's low point in its 52 week range is $13.85 per share, with $16.58 as the 52 week high point — that compares with a last trade of $14.35.
In Monday trading, Nuveen California Dividend Advantage Municipal Fund shares are currently down about 0.8% on the day.