Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) declared a monthly dividend on Wednesday, September 5th, Wall Street Journal reports. Shareholders of record on Friday, September 14th will be paid a dividend of 0.0425 per share by the investment management company on Monday, October 1st. This represents a $0.51 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Thursday, September 13th.
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.
NID stock traded down $0.01 during trading on Wednesday, reaching $12.44. 111,914 shares of the company’s stock were exchanged, compared to its average volume of 92,605. Nuveen Intermediate Duration Munpl Tm Fd has a 1-year low of $12.10 and a 1-year high of $13.73.
About Nuveen Intermediate Duration Munpl Tm Fd
Nuveen Intermediate Duration Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in fixed income markets of the United States. The fund primarily invests in municipal securities that are exempt from federal income taxes.
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