Nuveen New Jersey Municipal Value Fund (NYSE:NJV) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.045 per share on Thursday, August 1st. This represents a $0.54 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Friday, July 12th.
Nuveen New Jersey Municipal Value Fund has increased its dividend by an average of 5.8% per year over the last three years.
Shares of NYSE:NJV opened at $13.45 on Wednesday. The stock’s 50-day simple moving average is $13.69. Nuveen New Jersey Municipal Value Fund has a 1 year low of $12.08 and a 1 year high of $14.29.
Nuveen New Jersey Municipal Value Fund is a close-ended fixed income mutual fund launched by Nuveen Investments Inc It is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund invests in fixed income markets of New Jersey. It primarily invests its assets in a portfolio of municipal securities with an objective to provide current income exempt from regular federal and New Jersey income taxes.
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