Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be given a dividend of 0.037 per share on Thursday, February 1st. This represents a $0.44 annualized dividend and a yield of 3.51%. The ex-dividend date is Thursday, January 11th.
Nuveen Intermediate Duration Qlty Mun FD has decreased its dividend by an average of 6.5% per year over the last three years.
Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ) traded down $0.09 during midday trading on Thursday, reaching $12.66. 23,949 shares of the company’s stock traded hands, compared to its average volume of 30,766. Nuveen Intermediate Duration Qlty Mun FD has a 1-year low of $12.20 and a 1-year high of $13.49.
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About Nuveen Intermediate Duration Qlty Mun FD
Nuveen Intermediate Duration Quality Municipal Term Fund (the Fund) is a diversified, closed-end management investment company. The Fund seeks to achieve its investment objectives by investing in a diversified portfolio of primarily investment grade quality municipal securities (approximately 80% of managed assets), the income from which is exempt from regular federal income tax.
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