Nuveen Select Tax-Free Income Portfolio 3 (NYSE:NXR) Announces $0.05 Monthly Dividend

Nuveen Select Tax-Free Income Portfolio 3 (NYSE:NXR) announced a monthly dividend on Friday, October 1st, Zacks reports. Investors of record on Friday, October 15th will be paid a dividend of 0.047 per share by the investment management company on Monday, November 1st. This represents a $0.56 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Thursday, October 14th.

Nuveen Select Tax-Free Income Portfolio 3 has decreased its dividend payment by 3.1% over the last three years.

Shares of NXR opened at $17.29 on Wednesday. The stock’s 50-day simple moving average is $17.72 and its 200 day simple moving average is $17.86. Nuveen Select Tax-Free Income Portfolio 3 has a 52-week low of $15.69 and a 52-week high of $20.44.

A hedge fund recently raised its stake in Nuveen Select Tax-Free Income Portfolio 3 stock. Royal Bank of Canada increased its stake in shares of Nuveen Select Tax-Free Income Portfolio 3 (NYSE:NXR) by 178.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,556 shares of the investment management company’s stock after purchasing an additional 4,847 shares during the period. Royal Bank of Canada owned 0.06% of Nuveen Select Tax-Free Income Portfolio 3 worth $141,000 as of its most recent SEC filing. 12.73% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Select Tax-Free Income Portfolio 3

Nuveen Select Tax Free Income Portfolio 3 operates as a closed-end investment fund. Its primary objective is current income exempt from regular federal income tax, consistent with preservation of capital. The company was founded on May 28, 1992 and is headquartered in Chicago, IL.

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Dividend History for Nuveen Select Tax-Free Income Portfolio 3 (NYSE:NXR)

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