Nuveen California Municipal Value Fund, Inc. (NYSE:NCA) Announces $0.02 Monthly Dividend

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.

A hedge fund recently raised its stake in Nuveen California Municipal Value Fund stock. Morgan Stanley grew its stake in shares of Nuveen California Municipal Value Fund, Inc. (NYSE:NCA) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 775,084 shares of the company’s stock after purchasing an additional 79,557 shares during the quarter. Morgan Stanley owned approximately 2.76% of Nuveen California Municipal Value Fund worth $8,293,000 as of its most recent filing with the Securities and Exchange Commission. 15.71% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Story: How to build a Fibonacci channel

Dividend History for Nuveen California Municipal Value Fund (NYSE:NCA)

Receive News & Ratings for Nuveen California Municipal Value Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen California Municipal Value Fund and related companies with MarketBeat.com's FREE daily email newsletter.