Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) declared a monthly dividend on Monday, December 3rd, NASDAQ reports. Investors of record on Friday, December 14th will be paid a dividend of 0.043 per share by the investment management company on Monday, December 31st. This represents a $0.52 annualized dividend and a yield of 4.12%. The ex-dividend date is Thursday, December 13th.
Nuveen Intermediate Duration Munpl Tm Fd has decreased its dividend by an average of 2.3% per year over the last three years and has increased its dividend every year for the last 2 years.
NID stock traded up $0.06 during trading on Friday, hitting $12.52. 95,281 shares of the stock traded hands, compared to its average volume of 94,518. Nuveen Intermediate Duration Munpl Tm Fd has a one year low of $11.99 and a one year high of $13.41.
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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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