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 Friday, May 3rd, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.0485 per share by the financial services provider on Monday, June 3rd. This represents a $0.58 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Tuesday, May 14th.

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 stock traded up $0.08 during mid-day trading on Friday, reaching $14.21. The stock had a trading volume of 61,608 shares, compared to its average volume of 74,494. Nuveen Select Tax-Free Income Portfolio has a one year low of $12.91 and a one year high of $14.89. The firm’s 50 day simple moving average is $14.35 and its 200 day simple moving average is $14.30.

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.