Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.037 per share on Thursday, March 1st. This represents a $0.44 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Wednesday, February 14th.
Nuveen Intermediate Duration Qlty Mun FD has decreased its dividend by an average of 6.5% per year over the last three years.
Shares of Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ) traded down $0.07 during midday trading on Monday, reaching $12.49. The company’s stock had a trading volume of 35,879 shares, compared to its average volume of 31,766. Nuveen Intermediate Duration Qlty Mun FD has a 12-month low of $12.20 and a 12-month high of $13.49.
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Nuveen Intermediate Duration Quality Municipal Term Fund (the Fund) is a diversified, closed-end management investment company. The Fund seeks to achieve its investment objectives by investing in a diversified portfolio of primarily investment grade quality municipal securities (approximately 80% of managed assets), the income from which is exempt from regular federal income tax.
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