Nuveen New York Municipal Value Fund (NYSE:NNY) to Issue $0.03 Monthly Dividend

Nuveen New York Municipal Value Fund (NYSE:NNY) announced a monthly dividend on Monday, June 3rd, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.028 per share by the investment management company on Monday, July 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Friday, June 14th.

Nuveen New York Municipal Value Fund has raised its dividend payment by an average of 7.9% per year over the last three years and has raised its dividend every year for the last 2 years.

Nuveen New York Municipal Value Fund Price Performance

NYSE:NNY traded up $0.04 on Wednesday, hitting $8.27. The company’s stock had a trading volume of 78,744 shares, compared to its average volume of 44,706. The stock has a fifty day moving average of $8.21 and a two-hundred day moving average of $8.26. Nuveen New York Municipal Value Fund has a one year low of $7.58 and a one year high of $8.66.

Nuveen New York Municipal Value Fund Company Profile

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.