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

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.052 per share by the financial services provider on Thursday, August 1st. This represents a $0.62 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Monday, July 15th.

Nuveen Select Tax-Free Income Portfolio has increased its dividend payment by an average of 2.2% per year over the last three years.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.5 %

Shares of NXP traded down $0.07 during midday trading on Tuesday, reaching $14.34. 62,244 shares of the stock were exchanged, compared to its average volume of 75,817. The stock’s 50 day simple moving average is $14.28 and its 200 day simple moving average is $14.45. Nuveen Select Tax-Free Income Portfolio has a twelve month low of $12.91 and a twelve month high of $14.89.

About Nuveen Select Tax-Free Income Portfolio

Nuveen Select Tax-Free Income Portfolio is a closed-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 in the fixed income markets of United States. The fund invests in the investment-grade municipal securities rated Baa and BBB or better.