Reminder - Nuveen California Dividend Advantage Municipal Fund (NAC) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 4/11/13, Nuveen California Dividend Advantage Municipal Fund ( NAC) NAC will trade ex-dividend, for its monthly dividend of $0.074, payable on 5/1/13. As a percentage of NAC's recent stock price of $15.24, this dividend works out to approximately 0.49%.

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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:

NAC+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 NAC is likely to continue, and whether the current estimated yield of 5.83% on annualized basis is a reasonable expectation of annual yield going forward.

In Tuesday trading, Nuveen California Dividend Advantage Municipal Fund shares are currently up about 0.3% on the day.
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