Reminder - Nuveen Massachusetts Dividend Advantage Municipal Fund (NMB) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 6/12/13, Nuveen Massachusetts Dividend Advantage Municipal Fund (NMB) will trade ex-dividend, for its monthly dividend of $0.054, payable on 7/1/13. As a percentage of NMB's recent stock price of $13.71, this dividend works out to approximately 0.39%.

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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 4.73% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of NMB shares, versus its 200 day moving average:

Nuveen Massachusetts Dividend Advantage Municipal Fund 200 Day Moving Average Chart

Looking at the chart above, NMB's low point in its 52 week range is $13.27 per share, with $15.88 as the 52 week high point — that compares with a last trade of $13.71.

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

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