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

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.052 per share by the financial services provider on Thursday, May 1st. This represents a $0.62 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Tuesday, April 15th.

Nuveen Select Tax-Free Income Portfolio has raised its dividend payment by an average of 3.8% annually over the last three years.

Nuveen Select Tax-Free Income Portfolio Stock Down 0.1 %

NXP stock traded down $0.02 on Thursday, hitting $14.35. The company’s stock had a trading volume of 81,833 shares, compared to its average volume of 85,702. The firm has a 50 day moving average of $14.63 and a two-hundred day moving average of $14.77. Nuveen Select Tax-Free Income Portfolio has a 1 year low of $13.79 and a 1 year high of $15.25.

About Nuveen Select Tax-Free Income Portfolio

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.