Nuveen New York Municipal Valu (NYSE:NNY) Declares Monthly Dividend of $0.03

Key Points

• Nuveen New York Municipal Value (NNY) declared a monthly dividend of $0.0295 per share, payable April 1 to shareholders of record March 13 (ex-dividend date March 13), representing an annualized yield of about 4.1%.
• The stock recently traded at $8.69 (down $0.05) on light volume, with a 12‑month range of $7.77–$8.94; NNY is a closed‑end fund that invests in investment‑grade New York municipal bonds to provide federally and New York state tax‑exempt income.

Nuveen New York Municipal Valu (NYSE:NNY - Get Free Report) announced a monthly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be given a dividend of 0.0295 per share by the investment management company on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen New York Municipal Valu Stock Performance

Shares of NNY traded down $0.05 on Wednesday, reaching $8.69. The stock had a trading volume of 1,758 shares, compared to its average volume of 39,681. Nuveen New York Municipal Valu has a twelve month low of $7.77 and a twelve month high of $8.94. The firm has a 50-day moving average of $8.58 and a 200 day moving average of $8.45.

Nuveen New York Municipal Valu Company Profile

Nuveen New York Municipal Value Fund, Inc NYSE: NNY is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State income taxes. The fund primarily invests in investment-grade municipal securities issued by public issuers in the State of New York, including general obligation bonds and revenue bonds issued to finance essential public projects such as schools, transportation infrastructure and utility systems.

As a diversified municipal bond fund, NNY's portfolio spans a broad range of maturities and credit qualities within the investment-grade universe.

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