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%.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

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.

null

More from Stocks

Dow Futures Tank as Trade War Fears Grip Wall Street

Dow Futures Tank as Trade War Fears Grip Wall Street

Why GE's Stock Has Fallen 9% in the Last 30 Days

Why GE's Stock Has Fallen 9% in the Last 30 Days

5 Stock Picks Under $10 for Millennials

5 Stock Picks Under $10 for Millennials

3 Complicated Investing Strategies Millennials Love

3 Complicated Investing Strategies Millennials Love

Tyson Foods CEO: We Aren't Done Making Deals

Tyson Foods CEO: We Aren't Done Making Deals