Nuveen Intermediate Duration Municipal Term Fund (NID) Plans Monthly Dividend of $0.05

Nuveen Intermediate Duration Municipal Term Fund (NYSE:NID) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 15th will be paid a dividend of 0.05 per share by the investment management company on Friday, December 29th. This represents a $0.60 annualized dividend and a yield of 4.60%. The ex-dividend date is Thursday, December 14th.

Nuveen Intermediate Duration Municipal Term Fund has increased its dividend payment by an average of 4.1% annually over the last three years.

Shares of Nuveen Intermediate Duration Municipal Term Fund (NYSE NID) traded down $0.06 on Monday, reaching $13.04. 106,839 shares of the company traded hands, compared to its average volume of 83,100. Nuveen Intermediate Duration Municipal Term Fund has a 52-week low of $12.51 and a 52-week high of $13.77.

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About Nuveen Intermediate Duration Municipal Term Fund

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).

Dividend History for Nuveen Intermediate Duration Municipal Term Fund (NYSE:NID)

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