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

Nuveen New York Municipal Value Fund (NYSE:NNY) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be paid a dividend of 0.0295 per share by the investment management company on Tuesday, April 1st. This represents a $0.35 annualized dividend and a yield of 4.25%. The ex-dividend date is Friday, March 14th.

Nuveen New York Municipal Value Fund has raised its dividend by an average of 11.9% per year over the last three years.

Nuveen New York Municipal Value Fund Stock Down 0.2 %

Shares of NYSE:NNY traded down $0.02 during trading on Tuesday, hitting $8.33. 56,266 shares of the company were exchanged, compared to its average volume of 50,450. Nuveen New York Municipal Value Fund has a fifty-two week low of $7.96 and a fifty-two week high of $8.70. The firm has a fifty day moving average price of $8.18 and a two-hundred day moving average price of $8.35.

Nuveen New York Municipal Value Fund Company Profile

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.