Nuveen New York Municipal Value Fund (NYSE:NNY) to Issue Monthly Dividend of $0.02

Nuveen New York Municipal Value Fund (NYSE:NNY) declared a monthly dividend on Wednesday, January 5th, Wall Street Journal reports. Stockholders of record on Friday, January 14th will be paid a dividend of 0.023 per share by the investment management company on Tuesday, February 1st. This represents a $0.28 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, January 13th.

Nuveen New York Municipal Value Fund has increased its dividend by 11.6% over the last three years.

Shares of NNY stock opened at $9.65 on Wednesday. The business has a fifty day simple moving average of $9.96. Nuveen New York Municipal Value Fund has a 52 week low of $9.45 and a 52 week high of $10.35.

Several hedge funds and other institutional investors have recently made changes to their positions in NNY. Morgan Stanley lifted its position in Nuveen New York Municipal Value Fund by 7.1% during the third quarter. Morgan Stanley now owns 303,911 shares of the investment management company’s stock valued at $3,045,000 after purchasing an additional 20,157 shares during the period. Wells Fargo & Company MN raised its position in Nuveen New York Municipal Value Fund by 54.0% in the second quarter. Wells Fargo & Company MN now owns 40,372 shares of the investment management company’s stock worth $406,000 after acquiring an additional 14,154 shares during the period. Royal Bank of Canada increased its stake in shares of Nuveen New York Municipal Value Fund by 10.5% in the third quarter. Royal Bank of Canada now owns 39,329 shares of the investment management company’s stock worth $394,000 after purchasing an additional 3,723 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Nuveen New York Municipal Value Fund by 54.0% in the second quarter. Bank of America Corp DE now owns 35,016 shares of the investment management company’s stock worth $352,000 after purchasing an additional 12,284 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

About Nuveen New York Municipal Value Fund

Nuveen New York 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 New York. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.

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Dividend History for Nuveen New York Municipal Value Fund (NYSE:NNY)

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