Nuveen NY Municipal Value (NYSE:NNY) announced a monthly dividend on Monday, February 4th, Wall Street Journal reports. Shareholders of record on Friday, February 15th will be paid a dividend of 0.03 per share by the investment management company on Friday, March 1st. This represents a $0.36 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, February 14th.
Nuveen NY Municipal Value has increased its dividend by an average of 0.2% per year over the last three years.
Shares of Nuveen NY Municipal Value stock opened at $9.55 on Friday. Nuveen NY Municipal Value has a 1 year low of $8.82 and a 1 year high of $9.80.
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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