Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) declared a monthly dividend on Monday, March 5th, Wall Street Journal reports. Investors of record on Thursday, March 15th will be given a dividend of 0.047 per share by the investment management company on Monday, April 2nd. This represents a $0.56 annualized dividend and a yield of 4.52%. The ex-dividend date is Wednesday, March 14th.
Nuveen Intermediate Duration Munpl Tm Fd has decreased its dividend payment by an average of 2.3% annually over the last three years and has increased its dividend annually for the last 2 consecutive years.
Nuveen Intermediate Duration Munpl Tm Fd (NYSE NID) traded up $0.02 during trading on Tuesday, reaching $12.47. The company had a trading volume of 30,923 shares, compared to its average volume of 109,149. Nuveen Intermediate Duration Munpl Tm Fd has a fifty-two week low of $12.10 and a fifty-two week high of $13.77.
About Nuveen Intermediate Duration Munpl Tm Fd
Nuveen Intermediate Duration Municipal Term Fund is a diversified, closed-end management investment company. The Fund seeks to provide a high level of current income exempt from regular federal income tax with a secondary objective of seeking additional total return. The Fund also maintains a portfolio with an intermediate duration of between 3 and 10 years (including the effects of leverage).
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