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

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) declared a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.042 per share on Tuesday, October 1st. This represents a $0.50 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Friday, September 13th.

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

Nuveen New York Select Tax-Free Income Portfolio Price Performance

Shares of NXN remained flat at $12.12 during mid-day trading on Thursday. 2,257 shares of the stock traded hands, compared to its average volume of 8,500. The firm’s fifty day simple moving average is $11.78 and its two-hundred day simple moving average is $11.71. Nuveen New York Select Tax-Free Income Portfolio has a 52 week low of $10.64 and a 52 week high of $12.29.

Nuveen New York Select Tax-Free Income Portfolio Company Profile

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.