Nuveen New York Municipal Value Fund Plans Monthly Dividend of $0.03 (NYSE:NNY)

Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be given a dividend of 0.0295 per share by the investment management company on Monday, March 3rd. This represents a $0.35 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen New York Municipal Value Fund has raised its dividend by an average of 11.9% per year over the last three years.

Nuveen New York Municipal Value Fund Stock Up 0.2 %

NNY stock traded up $0.02 during midday trading on Friday, hitting $8.30. 31,910 shares of the stock traded hands, compared to its average volume of 54,833. The stock's fifty day simple moving average is $8.16 and its 200-day simple moving average is $8.36. Nuveen New York Municipal Value Fund has a 1-year low of $7.96 and a 1-year high of $8.70.

Nuveen New York Municipal Value Fund Company Profile

Nuveen New York Municipal Value Fund, Inc 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 New York. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.