Nuveen Intermediate Duration Qlty Mun FD (NYSE:NIQ) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.0315 per share on Monday, June 3rd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Tuesday, May 14th.
Nuveen Intermediate Duration Qlty Mun FD has decreased its dividend by an average of 9.9% per year over the last three years.
Shares of NYSE:NIQ traded up $0.05 during midday trading on Friday, reaching $13.26. The company’s stock had a trading volume of 20,000 shares, compared to its average volume of 33,208. Nuveen Intermediate Duration Qlty Mun FD has a 12-month low of $11.81 and a 12-month high of $13.27.
Nuveen Intermediate Duration Quality Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests into public fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors.
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