Nuveen New York Municipal Value Fund Declares Monthly Dividend of $0.03 (NYSE:NNY)

Nuveen New York Municipal Value Fund (NYSE:NNY) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.028 per share by the investment management company on Thursday, August 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Monday, July 15th.

Nuveen New York Municipal Value Fund has raised its dividend by an average of 7.9% per year over the last three years.

Nuveen New York Municipal Value Fund Stock Performance

NNY traded up $0.03 during trading on Tuesday, reaching $8.28. 20,583 shares of the stock traded hands, compared to its average volume of 42,655. The stock’s 50-day moving average is $8.21 and its 200 day moving average is $8.28. Nuveen New York Municipal Value Fund has a 12 month low of $7.58 and a 12 month high of $8.66.

Nuveen New York Municipal Value Fund Company Profile

Nuveen New York Municipal Value Fund, Inc 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 tax exempt municipal bonds, with a rating of Baa/BBB or higher.