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

Nuveen California Municipal Value Fund (NYSE:NCA) declared a monthly dividend on Monday, July 6th, Wall Street Journal reports. Investors of record on Wednesday, July 15th will be paid a dividend of 0.0265 per share on Monday, August 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Tuesday, July 14th.

Nuveen California Municipal Value Fund has decreased its dividend payment by an average of 31.6% per year over the last three years.

NYSE NCA traded down $0.08 during trading hours on Monday, reaching $10.13. 58,600 shares of the company’s stock traded hands, compared to its average volume of 47,158. Nuveen California Municipal Value Fund has a 52-week low of $8.74 and a 52-week high of $10.98. The firm has a 50-day simple moving average of $10.10 and a 200 day simple moving average of $10.22.

About Nuveen California Municipal Value Fund

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

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Dividend History for Nuveen California Municipal Value Fund (NYSE:NCA)

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