Nuveen California Municipal Value Fund Plans Monthly Dividend of $0.03 (NYSE:NCA)

Nuveen California Municipal Value Fund (NYSE:NCA) declared a monthly dividend on Wednesday, June 5th, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.029 per share on Monday, July 1st. This represents a $0.35 annualized dividend and a yield of 4.06%. The ex-dividend date is Friday, June 14th.

Nuveen California Municipal Value Fund has raised its dividend payment by an average of 2.6% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.

Nuveen California Municipal Value Fund Stock Performance

NCA stock traded up $0.02 during mid-day trading on Wednesday, hitting $8.58. The stock had a trading volume of 86,173 shares, compared to its average volume of 60,373. Nuveen California Municipal Value Fund has a 1-year low of $7.77 and a 1-year high of $9.09. The company has a fifty day moving average of $8.73 and a 200 day moving average of $8.77.

About Nuveen California Municipal Value Fund

Nuveen California Municipal Value Fund 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 California. The fund invests primarily in municipal securities rated Baa/BBB or better.