Nuveen New Jersey Municipal Value Fund (NYSE:NJV) declared a monthly dividend on Thursday, January 2nd, Zacks reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.038 per share on Monday, February 3rd. This represents a $0.46 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Tuesday, January 14th. This is a positive change from Nuveen New Jersey Municipal Value Fund’s previous monthly dividend of $0.04.
Nuveen New Jersey Municipal Value Fund has decreased its dividend by an average of 16.3% annually over the last three years.
NYSE:NJV traded down $0.04 during midday trading on Friday, hitting $13.79. The company had a trading volume of 5,091 shares, compared to its average volume of 8,786. Nuveen New Jersey Municipal Value Fund has a 52-week low of $12.48 and a 52-week high of $14.29. The stock’s fifty day moving average price is $13.84 and its 200-day moving average price is $13.73.
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.
Read More: Dividend Reinvestment Plan (DRIP)
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