Nuveen AMT-Free Municipal Value Fund (NUV) to Issue Monthly Dividend of $0.03 on October 2nd
Nuveen AMT-Free Municipal Value Fund (NYSE:NUV) announced a monthly dividend on Tuesday, September 5th, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.0325 per share by the closed-end fund on Monday, October 2nd. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Thursday, September 14th. This is an increase from Nuveen AMT-Free Municipal Value Fund’s previous monthly dividend of $0.03.
Nuveen AMT-Free Municipal Value Fund has decreased its dividend by an average of 4.2% annually over the last three years.
Shares of Nuveen AMT-Free Municipal Value Fund (NYSE:NUV) traded down 0.58% during mid-day trading on Friday, hitting $10.29. 477,042 shares of the stock were exchanged. Nuveen AMT-Free Municipal Value Fund has a 52-week low of $9.34 and a 52-week high of $10.67. The stock’s 50-day moving average price is $10.19 and its 200-day moving average price is $9.98.
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Nuveen AMT-Free Municipal Value Fund Company Profile
Nuveen Municipal Value Fund, Inc (the Fund) is a diversified closed-end management investment company. The Fund’s primary objective is to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain territories of the United States.
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