Nuveen California Dividend Advantage Municipal Fund About To Put More Money In Your Pocket (NAC)

Looking at the universe of stocks we cover at Dividend Channel, on 6/12/13, Nuveen California Dividend Advantage Municipal Fund (NAC) will trade ex-dividend, for its monthly dividend of $0.074, payable on 7/1/13. As a percentage of NAC's recent stock price of $14.43, this dividend works out to approximately 0.51%, so look for shares of Nuveen California Dividend Advantage Municipal Fund to trade 0.51% lower — all else being equal — when NAC shares open for trading on 6/12/13.

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 6.15% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of NAC shares, versus its 200 day moving average:

Nuveen California Dividend Advantage Municipal Fund 200 Day Moving Average Chart

Looking at the chart above, NAC's low point in its 52 week range is $13.85 per share, with $16.58 as the 52 week high point — that compares with a last trade of $14.35.

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

null

More from Stocks

Micron's Stock Is Trading Real Ugly

Micron's Stock Is Trading Real Ugly

Sohn Investing 2018: A Recap

Sohn Investing 2018: A Recap

CHART: Here's How Much Apple Stock Has Lost in Value in the Last Five Days

CHART: Here's How Much Apple Stock Has Lost in Value in the Last Five Days

Wall Street Is Totally Forgetting Apple Will Be Giving Away Tons of Cash in 2018

Wall Street Is Totally Forgetting Apple Will Be Giving Away Tons of Cash in 2018

United Technologies Tops Target on Strong Aerospace Business

United Technologies Tops Target on Strong Aerospace Business