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

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.052 per share by the financial services provider on Friday, November 1st. This represents a $0.62 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Tuesday, October 15th.

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

Nuveen Select Tax-Free Income Portfolio Stock Performance

NYSE NXP remained flat at $14.97 during mid-day trading on Thursday. 68,757 shares of the company traded hands, compared to its average volume of 79,442. The firm’s fifty day moving average price is $14.90 and its 200 day moving average price is $14.54. Nuveen Select Tax-Free Income Portfolio has a twelve month low of $12.91 and a twelve month 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.