Nuveen New York Municipal Value Fund 2 (NYSE:NYV) Raises Dividend to $0.27 Per Share

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Nuveen New York Municipal Value Fund 2 (NYSE:NYV) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.2694 per share on Tuesday, December 31st. This represents a $3.23 annualized dividend and a yield of 22.43%. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Nuveen New York Municipal Value Fund 2’s previous monthly dividend of $0.04.

NYV stock traded up $0.02 during trading on Wednesday, hitting $14.41. 4,253 shares of the stock traded hands, compared to its average volume of 3,461. Nuveen New York Municipal Value Fund 2 has a 1 year low of $12.64 and a 1 year high of $14.88. The firm’s 50 day moving average is $14.33 and its two-hundred day moving average is $14.46.

Nuveen New York Municipal Value Fund 2 Company Profile

Nuveen New York Municipal Value Fund 2 (the Fund) is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to provide current income exempt from regular federal and New York income taxes. The Fund’s secondary investment objective is to enhance portfolio value and total return.

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Dividend History for Nuveen New York Municipal Value Fund 2 (NYSE:NYV)

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