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

Key Points

• Nuveen Municipal Value Fund, Inc. (NYSE:NUV) announced a monthly dividend of $0.03 per share, which translates to an annualized yield of 4.5%.
• The ex-dividend date is set for August 15th, with dividends to be paid on September 2nd to stockholders of record.
• The fund's share price was reported at $8.59, down $0.04 during trading, with a fifty-two week range between a low of $8.38 and a high of $9.15.

Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report) declared a monthly dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Friday, August 15th will be given a dividend of 0.0325 per share by the closed-end fund on Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, August 15th.

Nuveen Municipal Value Fund Trading Up 0.1%

NYSE NUV traded up $0.01 on Friday, hitting $8.63. 160,820 shares of the stock were exchanged, compared to its average volume of 468,861. The company's 50-day moving average price is $8.59 and its two-hundred day moving average price is $8.66. Nuveen Municipal Value Fund has a 52-week low of $8.38 and a 52-week high of $9.15.

Nuveen Municipal Value Fund Company Profile

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.