Nuveen Intermediate Dur (NYSE:NID) declared a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Investors of record on Friday, April 13th will be paid a dividend of 0.047 per share by the investment management company on Tuesday, May 1st. This represents a $0.56 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Thursday, April 12th.
Nuveen Intermediate Dur has decreased its dividend by an average of 2.3% annually over the last three years and has increased its dividend annually for the last 2 consecutive years.
Shares of Nuveen Intermediate Dur stock opened at $12.51 on Friday. Nuveen Intermediate Dur has a 1 year low of $12.10 and a 1 year high of $13.77.
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About Nuveen Intermediate Dur
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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