Nuveen NY Municipal Value (NYSE:NNY) declared a monthly dividend on Monday, January 6th, Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.028 per share by the investment management company on Monday, February 3rd. This represents a $0.34 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Tuesday, January 14th.
Nuveen NY Municipal Value has decreased its dividend payment by an average of 4.8% per year over the last three years.
Shares of NNY opened at $10.21 on Monday. The company’s fifty day moving average is $10.38 and its 200-day moving average is $10.27. Nuveen NY Municipal Value has a 12 month low of $9.39 and a 12 month high of $10.63.
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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