Nuveen Intermediate Duration Munpl Tm Fd to Issue Monthly Dividend of $0.05 (NID)
Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.053 per share by the investment management company on Wednesday, November 1st. This represents a $0.64 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Thursday, October 12th.
Nuveen Intermediate Duration Munpl Tm Fd has raised its dividend by an average of 4.1% annually over the last three years.
Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) traded down 0.15% on Tuesday, hitting $13.34. The company’s stock had a trading volume of 86,742 shares. Nuveen Intermediate Duration Munpl Tm Fd has a 12 month low of $12.19 and a 12 month high of $14.11. The firm has a 50 day moving average of $13.49 and a 200-day moving average of $13.29.
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Nuveen Intermediate Duration Munpl Tm Fd Company Profile
Nuveen Intermediate Duration Municipal Term Fund is a diversified, closed-end management investment company. The Fund seeks to provide a high level of current income exempt from regular federal income tax with a secondary objective of seeking additional total return. The Fund also maintains a portfolio with an intermediate duration of between 3 and 10 years (including the effects of leverage).
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