Nuveen California Municipal Value Fund 2 (NCB) to Issue Monthly Dividend of $0.05 on December 31st

Nuveen California Municipal Value Fund 2 (NYSE:NCB) announced a monthly dividend on Monday, December 3rd, NASDAQ reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.054 per share on Monday, December 31st. This represents a $0.65 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Thursday, December 13th.

Nuveen California Municipal Value Fund 2 has decreased its dividend payment by an average of 1.2% per year over the last three years.

Shares of Nuveen California Municipal Value Fund 2 stock traded down $0.10 during trading hours on Friday, hitting $15.45. The company’s stock had a trading volume of 15,066 shares, compared to its average volume of 5,672. Nuveen California Municipal Value Fund 2 has a 1-year low of $15.00 and a 1-year high of $17.94.

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About Nuveen California Municipal Value Fund 2

Nuveen California Municipal Value Fund 2 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 California. The fund primarily invests its assets in municipal securities.

Further Reading: Dividend Stocks – Are They Right For You?

Dividend History for Nuveen California Municipal Value Fund 2 (NYSE:NCB)

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