Nuveen Pennsylvania Municipal Value Fund (NYSE:NPN) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.0538 per share on Tuesday, December 31st. This represents a $0.65 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Thursday, December 12th. This is a positive change from Nuveen Pennsylvania Municipal Value Fund’s previous monthly dividend of $0.04.
NPN stock traded up $0.03 during trading on Wednesday, reaching $14.31. 2,700 shares of the stock were exchanged, compared to its average volume of 2,101. Nuveen Pennsylvania Municipal Value Fund has a twelve month low of $11.96 and a twelve month high of $16.49. The stock has a 50 day simple moving average of $14.10 and a 200-day simple moving average of $14.34.
About Nuveen Pennsylvania Municipal Value Fund
Nuveen Pennsylvania Municipal Value Fund is a close-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 fixed income markets of Pennsylvania. The fund primarily invests its assets in a portfolio of municipal securities with an objective to provide current income exempt from regular federal and Pennsylvania income taxes.
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