Nuveen Ny Mun V (NYSE:NNY) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.03 per share by the investment management company on Friday, December 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, December 14th.
Nuveen Ny Mun V has raised its dividend by an average of 0.6% per year over the last three years.
Shares of Nuveen Ny Mun V (NYSE:NNY) traded down $0.03 during trading hours on Tuesday, reaching $9.76. 14,600 shares of the company traded hands, compared to its average volume of 21,221. Nuveen Ny Mun V has a one year low of $9.26 and a one year high of $10.65.
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About Nuveen Ny Mun V
Nuveen New York Municipal Value Fund, Inc (the Fund) is a diversified closed-end management investment company. The Fund seeks to provide current income exempt from regular federal, and New York State and New York City income tax and to enhance portfolio value. It invests over 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality.
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