Nuveen New York Municipal Value Fund Declares Monthly Dividend of $0.03 (NYSE:NNY)

Nuveen New York Municipal Value Fund (NYSE:NNY) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.0295 per share by the investment management company on Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Tuesday, October 15th.

Nuveen New York Municipal Value Fund has increased its dividend payment by an average of 7.9% annually over the last three years.

Nuveen New York Municipal Value Fund Trading Down 0.1 %

Shares of NNY traded down $0.01 on Thursday, reaching $8.62. 12,890 shares of the company’s stock were exchanged, compared to its average volume of 42,192. The business has a 50 day moving average price of $8.51 and a two-hundred day moving average price of $8.34. Nuveen New York Municipal Value Fund has a 12 month low of $7.58 and a 12 month high of $8.70.

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.