Nuveen Intermediate Duration Munpl Tm Fd Announces Monthly Dividend of $0.05 (NID)
Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.053 per share by the investment management company on Friday, December 1st. This represents a $0.64 annualized dividend and a yield of 4.88%. The ex-dividend date is Tuesday, November 14th.
Nuveen Intermediate Duration Munpl Tm Fd has raised its dividend payment by an average of 4.1% per year over the last three years.
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About Nuveen Intermediate Duration Munpl Tm Fd
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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