Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.028 per share by the investment management company on Monday, June 3rd. This represents a $0.34 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Tuesday, May 14th.
Nuveen New York Municipal Value Fund has increased its dividend payment by an average of 7.9% annually over the last three years.
Nuveen New York Municipal Value Fund Stock Up 0.6 %
NYSE NNY traded up $0.05 during trading hours on Friday, hitting $8.20. 70,819 shares of the company's stock traded hands, compared to its average volume of 47,426. The firm's 50-day moving average is $8.26 and its 200-day moving average is $8.20. Nuveen New York Municipal Value Fund has a 52-week low of $7.58 and a 52-week high of $8.81.
About Nuveen New York Municipal Value Fund
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Nuveen New York 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 New York. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.
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