Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Friday, October 13th will be paid a dividend of 0.053 per share by the investment management company on Wednesday, November 1st. This represents a $0.64 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Thursday, October 12th.
Nuveen Intermediate Duration Munpl Tm Fd has increased its dividend payment by an average of 4.1% annually over the last three years.
Nuveen Intermediate Duration Munpl Tm Fd (NID) opened at 13.3837 on Wednesday. The stock’s 50 day moving average price is $13.48 and its 200 day moving average price is $13.32. Nuveen Intermediate Duration Munpl Tm Fd has a 52 week low of $12.19 and a 52 week high of $13.92.
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About Nuveen Intermediate Duration Munpl Tm Fd
Nuveen Intermediate Duration Municipal Term Fund is a diversified, closed-end management investment company. The Fund seeks to provide a high level of current income exempt from regular federal income tax with a secondary objective of seeking additional total return. The Fund also maintains a portfolio with an intermediate duration of between 3 and 10 years (including the effects of leverage).