Nuveen California Municipal Value Fund, Inc. (NYSE:NCA) announced a monthly dividend on Tuesday, October 5th, Wall Street Journal reports. Shareholders of record on Friday, October 15th will be given a dividend of 0.0245 per share on Monday, November 1st. This represents a $0.29 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, October 14th.
Nuveen California Municipal Value Fund has decreased its dividend payment by 21.7% over the last three years.
NCA stock opened at $10.26 on Wednesday. Nuveen California Municipal Value Fund has a twelve month low of $9.89 and a twelve month high of $11.00. The company’s 50 day moving average is $10.65 and its two-hundred day moving average is $10.54.
About Nuveen California Municipal Value Fund
Nuveen California 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 California. The fund invests primarily in municipal securities rated Baa/BBB or better.
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