Nuveen NY Municipal Value (NYSE:NNY) announced a monthly dividend on Thursday, December 6th, Wall Street Journal reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.03 per share by the investment management company on Monday, December 31st. This represents a $0.36 annualized dividend and a yield of 3.84%. The ex-dividend date is Thursday, December 13th.
Nuveen NY Municipal Value has decreased its dividend payment by an average of 1.2% per year over the last three years.
Shares of NYSE NNY opened at $9.38 on Friday. Nuveen NY Municipal Value has a 1-year low of $8.82 and a 1-year high of $9.97.
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Nuveen NY Municipal Value Company Profile
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.
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