Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ) declared a monthly dividend on Thursday, January 2nd, Zacks reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.032 per share on Monday, February 3rd. This represents a $0.38 annualized dividend and a yield of 2.74%. The ex-dividend date is Tuesday, January 14th. This is a boost from Nuveen Intermediate Duration Qlty Mun FD’s previous monthly dividend of $0.03.
Nuveen Intermediate Duration Qlty Mun FD has decreased its dividend payment by an average of 11.3% per year over the last three years.
NYSE:NIQ traded up $0.03 during trading hours on Friday, hitting $14.00. 11,044 shares of the stock traded hands, compared to its average volume of 22,149. Nuveen Intermediate Duration Qlty Mun FD has a 1 year low of $12.60 and a 1 year high of $14.00. The stock has a 50 day moving average price of $13.86 and a 200 day moving average price of $13.66.
Nuveen Intermediate Duration Quality Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests into public fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors.
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