Nuveen Municipal Value Fund Inc (NYSE:NUV) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be given a dividend of 0.031 per share by the closed-end fund on Thursday, February 1st. This represents a $0.37 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Thursday, January 11th.
Nuveen Municipal Value Fund has decreased its dividend by an average of 4.2% annually over the last three years.
Nuveen Municipal Value Fund (NUV) traded up $0.01 during midday trading on Wednesday, hitting $10.14. The company’s stock had a trading volume of 345,900 shares, compared to its average volume of 317,450. Nuveen Municipal Value Fund has a 52 week low of $9.48 and a 52 week high of $10.46.
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Nuveen Municipal Value Fund, Inc (the Fund) is a diversified closed-end management investment company. The Fund’s primary objective is to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain territories of the United States.
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