Nuveen California Municipal Value Fund (NYSE:NCA) announced a monthly dividend on Thursday, January 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, January 15th will be paid a dividend of 0.0285 per share on Friday, February 1st. This represents a $0.34 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Monday, January 14th.
Nuveen California Municipal Value Fund has decreased its dividend payment by an average of 7.0% per year over the last three years.
Shares of NCA opened at $9.33 on Wednesday. Nuveen California Municipal Value Fund has a fifty-two week low of $8.92 and a fifty-two week high of $10.32.
Nuveen California 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 California. The fund invests primarily in municipal securities rated Baa/BBB or better.
See Also: Why is Cost of Capital Important?
Receive News & Ratings for Nuveen California Municipal Value Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen California Municipal Value Fund and related companies with MarketBeat.com's FREE daily email newsletter.