Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) declared a monthly dividend on Monday, February 4th, Wall Street Journal reports. Stockholders of record on Friday, February 15th will be paid a dividend of 0.0425 per share by the investment management company on Friday, March 1st. This represents a $0.51 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Thursday, February 14th.
Nuveen Intermediate Duration Munpl Tm Fd has decreased its dividend by an average of 4.9% per year over the last three years and has increased its dividend annually for the last 3 consecutive years.
Shares of NYSE NID opened at $12.84 on Friday. Nuveen Intermediate Duration Munpl Tm Fd has a twelve month low of $11.99 and a twelve month high of $12.86.
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.
See Also: Cost of Equity
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