Nuveen Arizona Dividend Advantage Municipal Fund About To Put More Money In Your Pocket (NFZ)

Tickers in this article: NFZ
Looking at the universe of stocks we cover at Dividend Channel, on 4/3/13, Nuveen Arizona Dividend Advantage Municipal Fund NFZ will trade ex-dividend, for its monthly dividend of $0.0738, payable on 5/1/13. As a percentage of NFZ's recent stock price of $14.87, this dividend works out to approximately 0.50%.

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Below is a dividend history chart for NFZ, showing historical dividends prior to the most recent $0.0738 declared by Nuveen Arizona Dividend Advantage Municipal Fund:

NFZ+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 NFZ is likely to continue, and whether the current estimated yield of 5.96% 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 NFZ, which trades under the symbol NFZ.PRC — more info ».

In Monday trading, Nuveen Arizona Dividend Advantage Municipal Fund shares are currently up about 0.7% on the day.