Nuveen New Jersey Municipal Value Fund Plans Monthly Dividend of $0.05 (NJV)
Nuveen New Jersey Municipal Value Fund (NYSE:NJV) declared a monthly dividend on Monday, December 3rd, NASDAQ reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.045 per share on Monday, December 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Thursday, December 13th.
Nuveen New Jersey Municipal Value Fund has increased its dividend payment by an average of 5.2% annually over the last three years.
Shares of NJV stock traded up $0.05 on Friday, reaching $12.62. The stock had a trading volume of 7,616 shares, compared to its average volume of 4,318. Nuveen New Jersey Municipal Value Fund has a 1 year low of $12.24 and a 1 year high of $14.47.
Nuveen New Jersey Municipal Value Fund is a close-ended fixed income mutual fund launched by Nuveen Investments Inc It is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund invests in fixed income markets of New Jersey. It primarily invests its assets in a portfolio of municipal securities with an objective to provide current income exempt from regular federal and New Jersey income taxes.
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