Nuveen Select Tax-Free Incom Portfolio 3 (NYSE:NXR) declared a monthly dividend on Thursday, January 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, January 15th will be paid a dividend of 0.0435 per share by the investment management company on Friday, February 1st. This represents a $0.52 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Monday, January 14th. This is a boost from Nuveen Select Tax-Free Incom Portfolio 3’s previous monthly dividend of $0.04.
Shares of NYSE:NXR opened at $14.80 on Wednesday. Nuveen Select Tax-Free Incom Portfolio 3 has a 52-week low of $13.90 and a 52-week high of $15.05.
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Nuveen Select Tax-Free Income Portfolio 3 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 seeks to invest in stocks of companies operating across the diversified sectors.
Further Reading: What is a Fiduciary?
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