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

Nuveen New York Municipal Value Fund (NYSE:NNY) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.0295 per share by the investment management company on Monday, February 3rd. This represents a $0.35 annualized dividend and a yield of 4.33%. The ex-dividend date is Wednesday, January 15th.

Nuveen New York Municipal Value Fund has raised its dividend by an average of 7.9% per year over the last three years.

Nuveen New York Municipal Value Fund Stock Performance

Shares of NYSE NNY traded up $0.05 during midday trading on Friday, reaching $8.17. The stock had a trading volume of 35,323 shares, compared to its average volume of 45,862. Nuveen New York Municipal Value Fund has a 12-month low of $7.96 and a 12-month high of $8.70. The stock has a 50-day moving average of $8.28 and a 200-day moving average of $8.39.

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.