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

Nuveen New York Municipal Value Fund (NYSE:NNY) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.0295 per share by the investment management company on Monday, February 3rd. This represents a $0.35 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Wednesday, January 15th.

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

Nuveen New York Municipal Value Fund Trading Up 0.6 %

Shares of NYSE:NNY traded up $0.05 during trading hours on Friday, hitting $8.17. The company’s stock had a trading volume of 35,323 shares, compared to its average volume of 45,862. The firm’s fifty day moving average price is $8.28 and its 200 day moving average price is $8.39. Nuveen New York Municipal Value Fund has a 52 week low of $7.96 and a 52 week high of $8.70.

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.