Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) announced a monthly dividend on Thursday, January 2nd, Zacks reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.043 per share by the investment management company on Monday, February 3rd. This represents a $0.52 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Tuesday, January 14th. This is a positive change from Nuveen Intermediate Duration Munpl Tm Fd’s previous monthly dividend of $0.04.
Nuveen Intermediate Duration Munpl Tm Fd has decreased its dividend payment by an average of 9.3% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.
NYSE NID traded up $0.13 during trading on Friday, hitting $13.93. The stock had a trading volume of 85,412 shares, compared to its average volume of 90,743. Nuveen Intermediate Duration Munpl Tm Fd has a one year low of $12.57 and a one year high of $14.00. The stock has a 50 day simple moving average of $13.82 and a 200 day simple moving average of $13.67.
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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