Nuveen Select Tax-Free Income Portfolio (NXP) Plans $0.05 Monthly Dividend
Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.0455 per share by the financial services provider on Friday, December 29th. This represents a $0.55 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Thursday, December 14th.
Nuveen Select Tax-Free Income Portfolio has decreased its dividend by an average of 4.7% per year over the last three years.
Shares of Nuveen Select Tax-Free Income Portfolio (NYSE NXP) traded up $0.02 during trading on Monday, reaching $14.65. 30,534 shares of the company traded hands, compared to its average volume of 27,802. Nuveen Select Tax-Free Income Portfolio has a one year low of $13.51 and a one year high of $15.16.
Nuveen Select Tax-Free Income Portfolio is a diversified closed-end management investment company. The Fund’s investment objective is that it seeks to provide current income and stable dividends, exempt from regular federal and designated state income taxes, where applicable, consistent with the preservation of capital by investing primarily in a portfolio of municipal obligations.
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