Nuveen Intermediate Duration Munpl Tm Fd (NID) to Issue Monthly Dividend of $0.05
Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) announced a monthly dividend on Monday, March 5th, Wall Street Journal reports. Stockholders of record on Thursday, March 15th will be given a dividend of 0.047 per share by the investment management company on Monday, April 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend is Wednesday, March 14th.
Nuveen Intermediate Duration Munpl Tm Fd has decreased its dividend payment by an average of 2.3% per year 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) traded down $0.04 on Monday, hitting $12.43. The stock had a trading volume of 57,818 shares, compared to its average volume of 115,342. 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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