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

Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.052 per share by the financial services provider on Monday, February 3rd. This represents a $0.62 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Wednesday, January 15th.

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

Nuveen Select Tax-Free Income Portfolio Stock Performance

Shares of NXP stock traded down $0.02 during mid-day trading on Friday, reaching $14.93. 65,621 shares of the stock traded hands, compared to its average volume of 58,811. The stock’s fifty day simple moving average is $14.78 and its two-hundred day simple moving average is $14.79. 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.