Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Plans Monthly Dividend of $0.04

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.042 per share on Monday, February 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Wednesday, January 15th.

Nuveen New York Select Tax-Free Income Portfolio has raised its dividend by an average of 0.7% per year over the last three years.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

NXN stock traded up $0.07 during midday trading on Friday, hitting $11.50. 21,133 shares of the company’s stock were exchanged, compared to its average volume of 21,167. The firm has a 50 day moving average price of $11.77 and a 200-day moving average price of $11.84. Nuveen New York Select Tax-Free Income Portfolio has a 12-month low of $10.98 and a 12-month high of $12.40.

About Nuveen New York Select Tax-Free Income Portfolio

Nuveen New York Select Tax-Free Income Portfolio 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 the securities of companies that operate across diversified sectors.