Nuveen New York Municipal Value Fund (NYSE:NNY) Plans Monthly Dividend of $0.03

Nuveen New York Municipal Value Fund (NYSE:NNY) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.0295 per share by the investment management company on Monday, March 3rd. This represents a $0.35 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen New York Municipal Value Fund has raised its dividend by an average of 9.2% per year over the last three years.

Nuveen New York Municipal Value Fund Stock Up 0.4 %

NYSE:NNY traded up $0.04 during trading hours on Tuesday, hitting $8.26. The stock had a trading volume of 87,024 shares, compared to its average volume of 53,856. Nuveen New York Municipal Value Fund has a one year low of $7.96 and a one year high of $8.70. The company has a 50 day simple moving average of $8.17 and a two-hundred day simple moving average of $8.36.

About Nuveen New York Municipal Value Fund

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.