Nuveen California Municipal Value Fund Declares Monthly Dividend of $0.03 (NYSE:NCA)

Nuveen California Municipal Value Fund (NYSE:NCA) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.029 per share on Monday, February 3rd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Wednesday, January 15th.

Nuveen California Municipal Value Fund has raised its dividend payment by an average of 2.6% per year over the last three years.

Nuveen California Municipal Value Fund Stock Up 0.4 %

Shares of Nuveen California Municipal Value Fund stock traded up $0.03 during trading on Friday, reaching $8.49. The company’s stock had a trading volume of 44,752 shares, compared to its average volume of 51,776. Nuveen California Municipal Value Fund has a 1-year low of $8.30 and a 1-year high of $9.23. The company has a 50-day simple moving average of $8.71 and a two-hundred day simple moving average of $8.87.

Nuveen California Municipal Value Fund Company Profile

Nuveen California Municipal Value Fund 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 California. The fund invests primarily in municipal securities rated Baa/BBB or better.