Nuveen Select Tax Free Income Portfolio III (NYSE:NXR) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.0435 per share by the investment management company on Thursday, March 1st. This represents a $0.52 annualized dividend and a yield of 3.65%. The ex-dividend date is Wednesday, February 14th.
Nuveen Select Tax Free Income Portfolio III has decreased its dividend payment by an average of 5.6% per year over the last three years.
Nuveen Select Tax Free Income Portfolio III (NYSE:NXR) traded up $0.01 during midday trading on Monday, reaching $14.32. 13,823 shares of the company’s stock traded hands, compared to its average volume of 33,713. Nuveen Select Tax Free Income Portfolio III has a one year low of $13.73 and a one year high of $15.69.
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About Nuveen Select Tax Free Income Portfolio III
Nuveen Select Tax-Free Income Portfolio 3 is a diversified closed-end management investment company. The Fund’s investment objective is that it seeks to provide current income and stable dividends, exempt from regular federal and designated state income taxes, where applicable, consistent with the preservation of capital by investing primarily in a portfolio of municipal obligations.
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