Nuveen NY Municipal Value (NYSE:NNY) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be paid a dividend of 0.03 per share by the investment management company on Thursday, February 1st. This represents a $0.36 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Thursday, January 11th.
Nuveen NY Municipal Value has increased its dividend payment by an average of 0.6% annually over the last three years.
Nuveen NY Municipal Value (NNY) traded up $0.05 during mid-day trading on Wednesday, hitting $9.55. 42,488 shares of the stock were exchanged, compared to its average volume of 31,000. Nuveen NY Municipal Value has a one year low of $9.40 and a one year high of $10.65.
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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