Nuveen Select Tax Free Income Portfolio III (NYSE:NXR) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.0435 per share by the investment management company on Thursday, March 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Wednesday, February 14th.
Nuveen Select Tax Free Income Portfolio III has decreased its dividend by an average of 5.6% per year over the last three years.
Shares of Nuveen Select Tax Free Income Portfolio III (NXR) traded up $0.01 during mid-day trading on Monday, hitting $14.32. 13,823 shares of the company were exchanged, compared to its average volume of 33,713. Nuveen Select Tax Free Income Portfolio III has a 12-month low of $13.73 and a 12-month high of $15.69.
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Nuveen Select Tax-Free Income Portfolio 3 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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