Nuveen New Jersey Municipal Value Fund to Issue Monthly Dividend of $0.05 (NJV)
Nuveen New Jersey Municipal Value Fund (NYSE:NJV) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be given a dividend of 0.0475 per share on Friday, December 1st. This represents a $0.57 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Tuesday, November 14th.
Nuveen New Jersey Municipal Value Fund has decreased its dividend by an average of 3.2% annually over the last three years.
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About Nuveen New Jersey Municipal Value Fund
Nuveen New Jersey Municipal Value Fund (the Fund) is a diversified closed-end management investment company. The Fund seeks to provide current income exempt from both regular federal and designated state income taxes by investing in a portfolio of municipal obligations issued by state and local government authorities within a single state or certain United States territories.
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