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

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) declared a monthly dividend on Wednesday, June 5th, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.052 per share by the financial services provider on Monday, July 1st. This represents a $0.62 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Friday, June 14th. This is a boost from Nuveen Select Tax-Free Income Portfolio’s previous monthly dividend of $0.05.

Nuveen Select Tax-Free Income Portfolio has raised its dividend by an average of 2.2% per year over the last three years and has increased its dividend every year for the last 1 years.

Nuveen Select Tax-Free Income Portfolio Stock Performance

Shares of NYSE:NXP traded up $0.05 during midday trading on Wednesday, hitting $14.28. 111,622 shares of the stock were exchanged, compared to its average volume of 76,651. The business’s 50-day moving average price is $14.19 and its 200 day moving average price is $14.43. Nuveen Select Tax-Free Income Portfolio has a 12 month low of $12.91 and a 12 month high of $14.89.

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.