Nuveen California Municipal Value Fund 2 (NYSE:NCB) to Issue $0.05 Monthly Dividend

Nuveen California Municipal Value Fund 2 (NYSE:NCB) declared a monthly dividend on Monday, June 3rd, NASDAQ reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.047 per share on Monday, July 1st. This represents a $0.56 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, June 13th.

Nuveen California Municipal Value Fund 2 has decreased its dividend payment by an average of 11.9% per year over the last three years.

Shares of NCB traded down $0.04 during mid-day trading on Friday, hitting $16.03. 2,107 shares of the company’s stock were exchanged, compared to its average volume of 3,181. Nuveen California Municipal Value Fund 2 has a 52 week low of $14.79 and a 52 week high of $16.61.

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About Nuveen California Municipal Value Fund 2

Nuveen California Municipal Value Fund 2 is a close-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 fixed income markets of California. The fund primarily invests its assets in municipal securities.

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Dividend History for Nuveen California Municipal Value Fund 2 (NYSE:NCB)

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