Nuveen AMT-Free Municipal (NYSE:NUW) declared a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 13th will be paid a dividend of 0.06 per share on Tuesday, May 1st. This represents a $0.72 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Thursday, April 12th.
Nuveen AMT-Free Municipal has raised its dividend payment by an average of 4.0% per year over the last three years.
NUW stock opened at $15.74 on Thursday. Nuveen AMT-Free Municipal has a 52 week low of $15.74 and a 52 week high of $18.59.
Nuveen AMT-Free Municipal Value Fund is a diversified closed-end management investment company. The Fund’s primary objective is current income exempt from regular federal income taxes and its secondary objective is to enhance portfolio value and total return. The Fund seeks to provide monthly tax-free income exempt from federal income tax, including alternative minimum tax (AMT); after tax total returns from an investment grade portfolio, and portfolio diversification.
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