Nuveen NY Municipal Value (NYSE:NNY) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.03 per share by the investment management company on Thursday, March 1st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Wednesday, February 14th.
Nuveen NY Municipal Value has decreased its dividend payment by an average of 1.2% annually over the last three years.
Shares of Nuveen NY Municipal Value (NYSE NNY) opened at $9.35 on Tuesday. Nuveen NY Municipal Value has a one year low of $9.27 and a one year high of $10.65.
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About Nuveen NY Municipal Value
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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