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

Nuveen New York Municipal Value Fund (NYSE:NNY) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.028 per share by the investment management company on Thursday, August 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Monday, July 15th.

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

Nuveen New York Municipal Value Fund Trading Up 0.4 %

NYSE:NNY traded up $0.03 during trading hours on Tuesday, reaching $8.28. The company’s stock had a trading volume of 20,583 shares, compared to its average volume of 42,655. Nuveen New York Municipal Value Fund has a one year low of $7.58 and a one year high of $8.66. The business’s 50-day moving average is $8.21 and its 200-day moving average is $8.28.

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.