Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.05 per share by the investment management company on Thursday, March 1st. This represents a $0.60 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Wednesday, February 14th.
Nuveen Intermediate Duration Munpl Tm Fd has decreased its dividend payment by an average of 2.3% annually over the last three years and has increased its dividend annually for the last 2 consecutive years.
Nuveen Intermediate Duration Munpl Tm Fd (NYSE NID) traded down $0.08 during trading hours on Monday, hitting $12.35. 183,291 shares of the stock traded hands, compared to its average volume of 119,904. Nuveen Intermediate Duration Munpl Tm Fd has a one year low of $12.21 and a one year high of $13.77.
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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