Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.0295 per share by the investment management company on Monday, February 3rd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Wednesday, January 15th.
Nuveen New York Municipal Value Fund has increased its dividend payment by an average of 7.9% annually over the last three years.
Nuveen New York Municipal Value Fund Stock Up 0.6 %
NYSE NNY traded up $0.05 on Friday, hitting $8.17. 35,323 shares of the company were exchanged, compared to its average volume of 45,862. Nuveen New York Municipal Value Fund has a 1-year low of $7.96 and a 1-year high of $8.70. The firm has a 50 day moving average of $8.27 and a two-hundred day moving average of $8.39.
About Nuveen New York Municipal Value Fund
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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.
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