Ex-Div Reminder For Nuveen Ohio Dividend Advantage Municipal Fund II (NBJ)

Looking at the universe of stocks we cover at Dividend Channel, on 4/3/13, Nuveen Ohio Dividend Advantage Municipal Fund II ( NBJ) NBJ will trade ex-dividend, for its monthly dividend of $0.1074, payable on 5/1/13. As a percentage of NBJ's recent stock price of $15.67, this dividend works out to approximately 0.69%, so look for shares of Nuveen Ohio Dividend Advantage Municipal Fund II to trade 0.69% lower — all else being equal — when NBJ shares open for trading on 4/3/13.

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Below is a dividend history chart for NBJ, showing historical dividends prior to the most recent $0.1074 declared by Nuveen Ohio Dividend Advantage Municipal Fund II:

NBJ+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 NBJ is likely to continue, and whether the current estimated yield of 8.22% on annualized basis is a reasonable expectation of annual yield going forward.

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