Nuveen New York Municipal Value Fund (NNY) To Go Ex-Dividend on October 15th

Nuveen New York Municipal Value Fund (NYSE:NNY) declared a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of 0.0295 per share by the investment management company on Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Tuesday, October 15th.

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

Nuveen New York Municipal Value Fund Trading Down 0.1 %

Shares of NYSE NNY traded down $0.01 during trading on Thursday, reaching $8.62. The company had a trading volume of 12,890 shares, compared to its average volume of 42,192. Nuveen New York Municipal Value Fund has a 52 week low of $7.58 and a 52 week high of $8.70. The business’s 50 day moving average price is $8.51 and its 200-day moving average price is $8.34.

About Nuveen New York Municipal Value Fund

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.