Nuveen Enhanced Municipal Value Fund (NYSE:NEV) Raises Dividend to $0.06 Per Share

Nuveen Enhanced Municipal Value Fund (NYSE:NEV) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.0565 per share on Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Thursday, December 12th. This is a boost from Nuveen Enhanced Municipal Value Fund’s previous monthly dividend of $0.06.

NEV traded up $0.12 during midday trading on Wednesday, reaching $14.82. 41,214 shares of the company’s stock were exchanged, compared to its average volume of 56,093. Nuveen Enhanced Municipal Value Fund has a one year low of $12.64 and a one year high of $15.05. The business has a 50-day simple moving average of $14.53 and a two-hundred day simple moving average of $14.46.

About Nuveen Enhanced Municipal Value Fund

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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Dividend History for Nuveen Enhanced Municipal Value Fund (NYSE:NEV)

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