Nuveen Select Tax-Free Income Portfolio (NXP) Plans Monthly Dividend of $0.05

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.0455 per share by the financial services provider on Thursday, March 1st. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Wednesday, February 14th.

Nuveen Select Tax-Free Income Portfolio has decreased its dividend by an average of 4.5% annually over the last three years.

Shares of Nuveen Select Tax-Free Income Portfolio (NYSE NXP) traded down $0.03 during trading hours on Tuesday, reaching $14.10. 4,282 shares of the company traded hands, compared to its average volume of 33,479. Nuveen Select Tax-Free Income Portfolio has a one year low of $13.73 and a one year high of $15.16.

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About Nuveen Select Tax-Free Income Portfolio

Nuveen Select Tax-Free Income Portfolio is a diversified closed-end management investment company. The Fund’s investment objective is that it seeks to provide current income and stable dividends, exempt from regular federal and designated state income taxes, where applicable, consistent with the preservation of capital by investing primarily in a portfolio of municipal obligations.

Dividend History for Nuveen Select Tax-Free Income Portfolio (NYSE:NXP)

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