Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) announced a monthly dividend on Thursday, October 1st, Zacks reports. Stockholders of record on Thursday, October 15th will be paid a dividend of 0.044 per share by the investment management company on Monday, November 2nd. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Wednesday, October 14th. This is an increase from Nuveen Intermediate Duration Munpl Tm Fd’s previous monthly dividend of $0.04.
Nuveen Intermediate Duration Munpl Tm Fd has decreased its dividend by 25.4% over the last three years and has increased its dividend every year for the last 1 years.
Shares of NYSE NID traded down $0.13 during midday trading on Friday, reaching $13.30. 116,225 shares of the stock were exchanged, compared to its average volume of 85,024. The stock has a 50 day moving average price of $13.35 and a 200-day moving average price of $13.01. Nuveen Intermediate Duration Munpl Tm Fd has a 52-week low of $10.46 and a 52-week high of $14.55.
About Nuveen Intermediate Duration Munpl Tm Fd
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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