Nuveen New York Municipal Value Fund (NYSE:NNY) Declares $0.03 Monthly Dividend

Nuveen New York Municipal Value Fund (NYSE:NNY) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Thursday, August 15th will be given a dividend of 0.028 per share by the investment management company on Tuesday, September 3rd. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Thursday, August 15th.

Nuveen New York Municipal Value Fund has increased its dividend payment by an average of 7.9% annually over the last three years.

Nuveen New York Municipal Value Fund Trading Up 0.3 %

Shares of NYSE:NNY traded up $0.03 during mid-day trading on Friday, reaching $8.42. The company had a trading volume of 53,339 shares, compared to its average volume of 39,403. The company’s 50-day moving average price is $8.29 and its 200-day moving average price is $8.29. Nuveen New York Municipal Value Fund has a one year low of $7.58 and a one year high of $8.58.

About Nuveen New York Municipal Value Fund

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.