Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) Plans $0.04 Monthly Dividend

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Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.0425 per share by the investment management company on Tuesday, December 31st. This represents a $0.51 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, December 12th.

NID stock traded up $0.03 during midday trading on Wednesday, hitting $13.83. 44,500 shares of the stock were exchanged, compared to its average volume of 78,313. The stock’s 50-day moving average price is $13.73 and its 200-day moving average price is $13.57. Nuveen Intermediate Duration Munpl Tm Fd has a fifty-two week low of $12.13 and a fifty-two week high of $13.93.

Nuveen Intermediate Duration Munpl Tm Fd Company Profile

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.

Read More: How is a management fee different from a performance fee?

Dividend History for Nuveen Intermediate Duration Munpl Tm Fd (NYSE:NID)

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