Nuveen New Jersey Municipal Value Fund (NYSE:NJV) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Investors of record on Friday, September 13th will be given a dividend of 0.041 per share on Tuesday, October 1st. This represents a $0.49 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Thursday, September 12th.
Nuveen New Jersey Municipal Value Fund has raised its dividend payment by an average of 5.8% per year over the last three years.
Shares of NJV stock traded up $0.01 during trading hours on Thursday, reaching $13.65. 2,210 shares of the stock were exchanged, compared to its average volume of 3,784. The business’s fifty day moving average is $13.75 and its two-hundred day moving average is $13.48. Nuveen New Jersey Municipal Value Fund has a 12-month low of $12.08 and a 12-month 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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