Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Plans $0.04 Monthly Dividend

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.042 per share on Monday, February 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Wednesday, January 15th.

Nuveen New York Select Tax-Free Income Portfolio has increased its dividend payment by an average of 0.7% annually over the last three years.

Nuveen New York Select Tax-Free Income Portfolio Trading Up 0.6 %

Shares of NYSE NXN traded up $0.07 during midday trading on Friday, hitting $11.50. The company’s stock had a trading volume of 21,133 shares, compared to its average volume of 21,167. Nuveen New York Select Tax-Free Income Portfolio has a 1-year low of $10.98 and a 1-year high of $12.40. The firm’s fifty day moving average price is $11.77 and its 200-day moving average price is $11.84.

About Nuveen New York Select Tax-Free Income Portfolio

Nuveen New York Select Tax-Free Income Portfolio 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 the securities of companies that operate across diversified sectors.