Nuveen Intermediate Duration Munpl Tm Fd (NID) to Issue Monthly Dividend of $0.05
Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) 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 0.05 per share by the investment management company on Thursday, March 1st. This represents a $0.60 annualized dividend and a yield of 4.80%. 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 raised its dividend annually for the last 2 consecutive years.
Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) opened at $12.50 on Friday. Nuveen Intermediate Duration Munpl Tm Fd has a 52-week low of $12.10 and a 52-week 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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