Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE:NIQ) to Issue $0.04 Monthly Dividend

Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE:NIQGet Rating) announced a monthly dividend on Friday, April 1st, Zacks reports. Investors of record on Thursday, April 14th will be given a dividend of 0.038 per share on Monday, May 2nd. This represents a $0.46 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Wednesday, April 13th.

Nuveen Intermediate Duration Quality Municipal Term Fund stock opened at $13.22 on Tuesday. Nuveen Intermediate Duration Quality Municipal Term Fund has a twelve month low of $13.20 and a twelve month high of $15.70. The stock has a 50 day moving average of $13.83.

A number of hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its position in Nuveen Intermediate Duration Quality Municipal Term Fund by 1.1% in the 3rd quarter. Morgan Stanley now owns 532,729 shares of the company’s stock valued at $7,815,000 after acquiring an additional 5,631 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Nuveen Intermediate Duration Quality Municipal Term Fund by 57.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 76,033 shares of the company’s stock valued at $1,121,000 after buying an additional 27,797 shares during the period. Stifel Financial Corp lifted its holdings in shares of Nuveen Intermediate Duration Quality Municipal Term Fund by 12.0% during the 4th quarter. Stifel Financial Corp now owns 69,058 shares of the company’s stock valued at $1,019,000 after buying an additional 7,375 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of Nuveen Intermediate Duration Quality Municipal Term Fund by 10.1% during the 4th quarter. LPL Financial LLC now owns 37,000 shares of the company’s stock valued at $546,000 after buying an additional 3,400 shares during the period.

About Nuveen Intermediate Duration Quality Municipal Term Fund (Get Rating)

Nuveen Intermediate Duration Quality Municipal Term Fund is a close 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 into public fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors.

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Dividend History for Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE:NIQ)

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