Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) declared a monthly dividend on Monday, June 3rd, NASDAQ reports. Investors of record on Friday, June 14th will be given a dividend of 0.043 per share by the investment management company on Monday, July 1st. This represents a $0.52 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Thursday, June 13th.
Nuveen Intermediate Duration Munpl Tm Fd has decreased its dividend by an average of 4.9% per year over the last three years and has increased its dividend annually for the last 3 consecutive years.
Shares of NYSE NID traded up $0.01 during trading hours on Wednesday, hitting $13.37. 8,170 shares of the company’s stock were exchanged, compared to its average volume of 88,095. Nuveen Intermediate Duration Munpl Tm Fd has a 1-year low of $11.99 and a 1-year high of $13.51.
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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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