Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ) Plans Dividend Increase – $0.04 Per Share

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Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ) declared a monthly dividend on Thursday, October 1st, Zacks reports. Investors of record on Thursday, October 15th will be given a dividend of 0.04 per share on Monday, November 2nd. This represents a $0.48 annualized dividend and a yield of 3.34%. The ex-dividend date is Wednesday, October 14th. This is an increase from Nuveen Intermediate Duration Qlty Mun FD’s previous monthly dividend of $0.04.

Nuveen Intermediate Duration Qlty Mun FD has decreased its dividend payment by 30.9% over the last three years and has raised its dividend annually for the last 1 consecutive years.

NIQ traded down $0.05 during mid-day trading on Friday, reaching $14.36. 16,669 shares of the company traded hands, compared to its average volume of 23,741. The company’s fifty day moving average price is $14.36 and its 200-day moving average price is $13.80. Nuveen Intermediate Duration Qlty Mun FD has a 52-week low of $11.42 and a 52-week high of $14.84.

About Nuveen Intermediate Duration Qlty Mun FD

Nuveen Intermediate Duration Quality Municipal Term Fund is a close 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 into public fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors.

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Dividend History for Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ)

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