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