Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) announced a monthly dividend on Thursday, January 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, January 15th will be paid a dividend of 0.0425 per share by the investment management company on Friday, February 1st. This represents a $0.51 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Monday, January 14th.
Nuveen Intermediate Duration Munpl Tm Fd has decreased its dividend payment by an average of 4.9% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.
Shares of NID stock opened at $12.62 on Wednesday. Nuveen Intermediate Duration Munpl Tm Fd has a one year low of $11.99 and a one year high of $13.22.
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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