Nuveen Intermediate Duration Munpl Tm Fd Declares Monthly Dividend of $0.05 (NID)
Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be paid a dividend of 0.05 per share by the investment management company on Thursday, February 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Thursday, January 11th.
Nuveen Intermediate Duration Munpl Tm Fd has increased its dividend payment by an average of 4.1% per year over the last three years.
Shares of Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) traded up $0.11 during midday trading on Thursday, hitting $13.13. The stock had a trading volume of 92,700 shares, compared to its average volume of 97,250. Nuveen Intermediate Duration Munpl Tm Fd has a twelve month low of $12.51 and a twelve month high of $13.77.
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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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