Nuveen Enhanced Municipal Value Fund (NYSE:NEV) announced a monthly dividend on Monday, June 3rd, NASDAQ reports. Investors of record on Friday, June 14th will be given a dividend of 0.056 per share on Monday, July 1st. This represents a $0.67 annualized dividend and a yield of 4.74%. The ex-dividend date is Thursday, June 13th.
Nuveen Enhanced Municipal Value Fund has decreased its dividend payment by an average of 5.7% per year over the last three years.
NEV stock traded up $0.01 during trading on Wednesday, hitting $14.17. 3,939 shares of the company’s stock were exchanged, compared to its average volume of 48,615. Nuveen Enhanced Municipal Value Fund has a 52-week low of $12.55 and a 52-week high of $14.50.
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Nuveen Enhanced Municipal Value Fund 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 the United States. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes.
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