Nuveen New York Select Tax-Free Income Portfolio Declares Monthly Dividend of $0.04 (NYSE:NXN)

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.041 per share on Monday, June 3rd. This represents a $0.49 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Tuesday, May 14th.

Nuveen New York Select Tax-Free Income Portfolio has increased its dividend by an average of 0.7% per year over the last three years.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

NYSE NXN traded up $0.02 on Friday, reaching $11.71. The company had a trading volume of 1,858 shares, compared to its average volume of 8,947. The company’s fifty day moving average is $11.64 and its 200-day moving average is $11.57. Nuveen New York Select Tax-Free Income Portfolio has a 1-year low of $10.64 and a 1-year high of $12.45.

About Nuveen New York Select Tax-Free Income Portfolio

Nuveen New York Select Tax-Free Income Portfolio 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 the securities of companies that operate across diversified sectors.