Cash Dividend On The Way From Nuveen Dividend Advantage Municipal Fund II (NXZ)

Looking at the universe of stocks we cover at Dividend Channel, on 4/11/13, Nuveen Dividend Advantage Municipal Fund II ( NXZ) NXZ will trade ex-dividend, for its monthly dividend of $0.067, payable on 5/1/13. As a percentage of NXZ's recent stock price of $15.38, this dividend works out to approximately 0.44%.

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Below is a dividend history chart for NXZ, showing historical dividends prior to the most recent $0.067 declared by Nuveen Dividend Advantage Municipal Fund II:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NXZ is likely to continue, and whether the current estimated yield of 5.23% on annualized basis is a reasonable expectation of annual yield going forward.

According to the ETF Finder at ETF Channel, NXZ makes up 1.46% of the CEF Municipal Income ETF ( XMPT) XMPT which is trading relatively unchanged on the day Tuesday.

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