Nuveen Enhanced Municipal Value Fund (NYSE:NEV) declared a monthly dividend on Monday, February 4th, Wall Street Journal reports. Investors of record on Friday, February 15th will be paid a dividend of 0.0565 per share on Friday, March 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date is Thursday, February 14th.
Nuveen Enhanced Municipal Value Fund has decreased its dividend by an average of 5.7% annually over the last three years.
Shares of NYSE:NEV opened at $13.66 on Friday. Nuveen Enhanced Municipal Value Fund has a 12-month low of $12.55 and a 12-month high of $14.50.
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Nuveen Enhanced Municipal Value Fund 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 the United States. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes.
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