Nuveen California Municipal Value Fund (NYSE:NCA - Get Free Report) announced a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Investors of record on Friday, June 13th will be paid a dividend of 0.029 per share on Tuesday, July 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend is Friday, June 13th.
Nuveen California Municipal Value Fund has increased its dividend payment by an average of 7.6% per year over the last three years.
Nuveen California Municipal Value Fund Price Performance
NCA stock remained flat at $8.44 during midday trading on Thursday. The company had a trading volume of 30,071 shares, compared to its average volume of 82,901. The business's fifty day moving average price is $8.46 and its two-hundred day moving average price is $8.55. Nuveen California Municipal Value Fund has a 1 year low of $8.22 and a 1 year high of $9.23.
Institutional Trading of Nuveen California Municipal Value Fund
An institutional investor recently bought a new position in Nuveen California Municipal Value Fund stock. Comerica Bank bought a new position in Nuveen California Municipal Value Fund (NYSE:NCA - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,110 shares of the company's stock, valued at approximately $62,000. 21.46% of the stock is owned by institutional investors and hedge funds.
About Nuveen California Municipal Value Fund
(
Get Free Report)
Nuveen California Municipal Value Fund 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 California. The fund invests primarily in municipal securities rated Baa/BBB or better.
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