Nuveen Municipal Value Fund, Inc. (NYSE:NUV) to Issue Monthly Dividend of $0.03

Key Points

• Nuveen Municipal Value Fund, Inc. declared a monthly dividend of $0.03 per share, with an ex-dividend date of September 15th and payment scheduled for October 1st.
• The fund's annualized dividend yield stands at 4.5%, reflecting a stable income for investors in a closed-end fund.
• Several institutional investors raised their positions in the fund during recent quarters, indicating growing interest, with hedge funds and other institutions owning 22.50% of the company's stock.

Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report) announced a monthly dividend on Tuesday, September 2nd, Wall Street Journal reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.0325 per share by the closed-end fund on Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, September 15th.

Nuveen Municipal Value Fund Price Performance

Shares of Nuveen Municipal Value Fund stock traded up $0.03 during trading hours on Monday, hitting $8.80. 625,743 shares of the company were exchanged, compared to its average volume of 472,316. Nuveen Municipal Value Fund has a 1 year low of $8.38 and a 1 year high of $9.15. The business has a 50-day moving average of $8.63 and a 200-day moving average of $8.64.

About Nuveen Municipal Value Fund

Nuveen 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 the United States. The fund also invests some portion of its portfolio in derivative instruments.