NZF Ex-Dividend Reminder - 4/11/13

Looking at the universe of stocks we cover at Dividend Channel, on 4/11/13, Nuveen Dividend Advantage Municipal Fund III (NZF) NZF will trade ex-dividend, for its monthly dividend of $0.0625, payable on 5/1/13. As a percentage of NZF's recent stock price of $14.79, this dividend works out to approximately 0.42%.

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Below is a dividend history chart for NZF, showing historical dividends prior to the most recent $0.0625 declared by Nuveen Dividend Advantage Municipal Fund III:

NZF+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 NZF is likely to continue, and whether the current estimated yield of 5.07% on annualized basis is a reasonable expectation of annual yield going forward.

According to Preferred Stock Channel, there is a series of preferred stock that is senior to NZF, which trades under the symbol NZF.PRC — more info ».

In Tuesday trading, Nuveen Dividend Advantage Municipal Fund III shares are currently trading flat on the day.

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