Nuveen Ny Mun V (NNY) Plans $0.03 Monthly Dividend
Nuveen Ny Mun V (NYSE:NNY) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.0315 per share by the investment management company on Friday, December 1st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, November 14th.
Nuveen Ny Mun V has increased its dividend payment by an average of 0.6% annually over the last three years.
Nuveen Ny Mun V Company Profile
Nuveen New York Municipal Value Fund, Inc (the Fund) is a diversified closed-end management investment company. The Fund seeks to provide current income exempt from regular federal, and New York State and New York City income tax and to enhance portfolio value. It invests over 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality.
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