Nuveen Select Tax-Free Income Portfolio Declares Monthly Dividend of $0.05 (NYSE:NXP)

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.052 per share by the financial services provider on Monday, February 3rd. This represents a $0.62 annualized dividend and a yield of 4.18%. The ex-dividend date is Wednesday, January 15th.

Nuveen Select Tax-Free Income Portfolio has raised its dividend payment by an average of 2.2% annually over the last three years.

Nuveen Select Tax-Free Income Portfolio Price Performance

Shares of NXP traded down $0.02 during trading hours on Friday, hitting $14.93. The company’s stock had a trading volume of 65,621 shares, compared to its average volume of 58,811. The business has a 50 day simple moving average of $14.78 and a two-hundred day simple moving average of $14.79. Nuveen Select Tax-Free Income Portfolio has a 52-week low of $13.79 and a 52-week high of $15.25.

Nuveen Select Tax-Free Income Portfolio Company Profile

Nuveen Select Tax-Free Income Portfolio is a closed-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 in the fixed income markets of United States. The fund invests in the investment-grade municipal securities rated Baa and BBB or better.