Nuveen Municipal Value Fund, Inc. Plans Monthly Dividend of $0.03 (NYSE:NUV)

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.0325 per share by the closed-end fund on Monday, February 3rd. This represents a $0.39 annualized dividend and a yield of 4.48%. The ex-dividend date is Wednesday, January 15th.

Nuveen Municipal Value Fund Stock Performance

Shares of Nuveen Municipal Value Fund stock traded up $0.03 during midday trading on Friday, hitting $8.70. The company’s stock had a trading volume of 260,834 shares, compared to its average volume of 289,167. Nuveen Municipal Value Fund has a 1-year low of $8.35 and a 1-year high of $9.15. The stock has a 50-day simple moving average of $8.80 and a 200-day simple moving average of $8.83.

Nuveen Municipal Value Fund Company Profile

Nuveen 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 the United States. The fund also invests some portion of its portfolio in derivative instruments.