Nuveen NY Municipal Value (NYSE:NNY) declared a — dividend on Thursday, September 5th, Wall Street Journal reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.03 per share by the investment management company on Tuesday, October 1st. This represents a dividend yield of 3.5%. The ex-dividend date is Thursday, September 12th.
Nuveen NY Municipal Value has raised its dividend by an average of 0.2% per year over the last three years.
NYSE NNY traded down $0.04 during trading hours on Wednesday, hitting $10.37. 500 shares of the stock were exchanged, compared to its average volume of 19,799. Nuveen NY Municipal Value has a 12-month low of $8.82 and a 12-month high of $10.45. The stock has a 50-day moving average of $10.28 and a 200 day moving average of $10.03.
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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