Reminder - Nuveen Investment Quality Municipal Fund (NQM) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 10/1/14, Nuveen Investment Quality Municipal Fund, Inc. ( NQM) will trade ex-dividend, for its monthly dividend of $0.08, payable on 11/3/14. As a percentage of NQM's recent stock price of $14.73, this dividend works out to approximately 0.54%, so look for shares of Nuveen Investment Quality Municipal Fund, Inc. to trade 0.54% lower — all else being equal — when NQM shares open for trading on 10/1/14.

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Below is a dividend history chart for NQM, showing historical dividends prior to the most recent $0.08 declared by Nuveen Investment Quality Municipal Fund, Inc.:

NQM+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 NQM is likely to continue, and whether the current estimated yield of 6.52% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NQM shares, versus its 200 day moving average:

Nuveen Investment Quality Municipal Fund, Inc. 200 Day Moving Average Chart

Looking at the chart above, NQM's low point in its 52 week range is $12.82 per share, with $15.05 as the 52 week high point — that compares with a last trade of $14.73.

According to the ETF Finder at ETF Channel, NQM makes up 1.38% of the CEF Municipal Income ETF ( XMPT) which is trading relatively unchanged on the day Monday.

In Monday trading, Nuveen Investment Quality Municipal Fund, Inc. shares are currently up about 0.1% on the day.

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