Nuveen NY Municipal Value (NYSE:NNY) declared a monthly dividend on Monday, July 6th, Wall Street Journal reports. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.028 per share by the investment management company on Monday, August 3rd. This represents a $0.34 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Tuesday, July 14th.
Nuveen NY Municipal Value has decreased its dividend payment by an average of 29.0% annually over the last three years.
NYSE:NNY opened at $9.90 on Friday. The company has a 50-day moving average price of $9.54 and a 200-day moving average price of $9.77. Nuveen NY Municipal Value has a 12 month low of $8.26 and a 12 month high of $10.76.
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.
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