Nuveen New York Municipal Value Fund (NYSE:NNY) to Issue Monthly Dividend of $0.03

Nuveen New York Municipal Value Fund (NYSE:NNY) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be paid a dividend of 0.0295 per share by the investment management company on Tuesday, April 1st. This represents a $0.35 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen New York Municipal Value Fund has increased its dividend payment by an average of 11.9% per year over the last three years.

Nuveen New York Municipal Value Fund Trading Down 0.2 %

NYSE:NNY traded down $0.02 during trading hours on Tuesday, reaching $8.33. 56,266 shares of the stock were exchanged, compared to its average volume of 50,450. Nuveen New York Municipal Value Fund has a twelve month low of $7.96 and a twelve month high of $8.70. The firm has a 50 day moving average of $8.18 and a 200 day moving average of $8.35.

Nuveen New York Municipal Value Fund Company Profile

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.