Nuveen Enhanced Municipal Value Fund (NYSE:NEV) to Issue $0.06 Monthly Dividend
Nuveen Enhanced Municipal Value Fund (NYSE:NEV) declared a monthly dividend on Wednesday, October 2nd, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.056 per share on Friday, November 1st. This represents a $0.67 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Friday, October 11th.
Nuveen Enhanced Municipal Value Fund has decreased its dividend payment by an average of 5.7% annually over the last three years.
NEV traded up $0.02 during trading on Thursday, hitting $14.42. The stock had a trading volume of 800 shares, compared to its average volume of 54,035. Nuveen Enhanced Municipal Value Fund has a 12 month low of $12.55 and a 12 month high of $15.05. The company has a 50 day simple moving average of $14.59 and a 200-day simple moving average of $14.29.
Nuveen Enhanced Municipal Value Fund 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 invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes.
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