Ex-Div Reminder For Nuveen Massachusetts Dividend Advantage Municipal Fund (NMB)

Looking at the universe of stocks we cover at Dividend Channel, on 4/11/13, Nuveen Massachusetts Dividend Advantage Municipal Fund (NMB) NMB will trade ex-dividend, for its monthly dividend of $0.054, payable on 5/1/13. As a percentage of NMB's recent stock price of $14.70, this dividend works out to approximately 0.37%.

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 NMB, showing historical dividends prior to the most recent $0.054 declared by Nuveen Massachusetts Dividend Advantage Municipal Fund:

NMB+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 NMB is likely to continue, and whether the current estimated yield of 4.41% on annualized basis is a reasonable expectation of annual yield going forward.

In Tuesday trading, Nuveen Massachusetts Dividend Advantage Municipal Fund shares are currently down about 0.8% on the day.

null

More from Stocks

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

9 Stocks Goldman Sachs Thinks Will Blow Wall Street's Performance Away in 2019

9 Stocks Goldman Sachs Thinks Will Blow Wall Street's Performance Away in 2019

Jim Cramer on U.S.-China Trade: The Media Has it Wrong

Jim Cramer on U.S.-China Trade: The Media Has it Wrong

Is Tesla's Stock Set to Nearly Double to $500?

Is Tesla's Stock Set to Nearly Double to $500?

Tesla's $78,000 Model 3 Is a Bargain. Here's Why

Tesla's $78,000 Model 3 Is a Bargain. Here's Why