Nuveen California Municipal Value Fund (NYSE:NCA - Get Free Report) announced a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be given 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 4.10%. The ex-dividend date of this dividend is Friday, June 13th.
Nuveen California Municipal Value Fund has raised its dividend by an average of 7.6% per year over the last three years.
Nuveen California Municipal Value Fund Stock Performance
NYSE:NCA traded down $0.01 during trading hours on Friday, reaching $8.49. The company had a trading volume of 81,630 shares, compared to its average volume of 83,057. The stock has a 50-day moving average of $8.45 and a two-hundred day moving average of $8.55. Nuveen California Municipal Value Fund has a one year low of $8.22 and a one year high of $9.23.
Hedge Funds Weigh In On Nuveen California Municipal Value Fund
A hedge fund recently raised its stake in Nuveen California Municipal Value Fund stock. Royal Bank of Canada raised its stake in Nuveen California Municipal Value Fund (NYSE:NCA - Free Report) by 4.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,263 shares of the company's stock after buying an additional 6,072 shares during the quarter. Royal Bank of Canada owned 0.44% of Nuveen California Municipal Value Fund worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 21.46% of the company's stock.
About Nuveen California Municipal Value Fund
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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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