Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Declares Monthly Dividend of $0.03

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.029 per share by the closed-end fund on Monday, June 3rd. This represents a $0.35 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Tuesday, May 14th.

Nuveen Municipal Value Fund Stock Up 0.7 %

NYSE NUV traded up $0.06 on Friday, hitting $8.56. 360,211 shares of the company’s stock were exchanged, compared to its average volume of 422,979. The stock has a 50-day moving average of $8.61 and a 200-day moving average of $8.54. Nuveen Municipal Value Fund has a 52 week low of $7.86 and a 52 week high of $8.93.

About Nuveen Municipal Value Fund

Nuveen 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 the United States. The fund also invests some portion of its portfolio in derivative instruments.