Nuveen Municipal Value Fund Inc (NYSE:NUV) declared a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Investors of record on Friday, September 13th will be given a dividend of 0.031 per share by the closed-end fund on Tuesday, October 1st. This represents a $0.37 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, September 12th.
Nuveen Municipal Value Fund has raised its dividend payment by an average of 0.4% per year over the last three years.
Shares of NUV traded down $0.05 during trading hours on Thursday, reaching $10.56. 6,103 shares of the stock traded hands, compared to its average volume of 236,857. Nuveen Municipal Value Fund has a 52-week low of $9.11 and a 52-week high of $10.64. The company’s 50-day moving average price is $10.37 and its two-hundred day moving average price is $10.05.
Nuveen 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 the United States. The fund also invests some portion of its portfolio in derivative instruments.
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