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

Nuveen New York Municipal Value Fund (NYSE:NNY) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.0295 per share by the investment management company on Tuesday, December 31st. This represents a $0.35 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Friday, December 13th.

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

Nuveen New York Municipal Value Fund Price Performance

NNY stock opened at $8.35 on Wednesday. Nuveen New York Municipal Value Fund has a one year low of $8.00 and a one year high of $8.70. The company’s 50 day moving average price is $8.42 and its two-hundred day moving average price is $8.41.

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.