Nuveen Enhanced Municipal Value Fund (NYSE:NEV) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.056 per share on Tuesday, October 1st. This represents a $0.67 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Thursday, September 12th.
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 traded down $0.15 during trading on Thursday, reaching $14.73. 6,376 shares of the company’s stock traded hands, compared to its average volume of 48,452. Nuveen Enhanced Municipal Value Fund has a fifty-two week low of $12.55 and a fifty-two week high of $15.05. The company has a 50-day simple moving average of $14.76 and a 200-day simple moving average of $14.22.
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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