Nuveen New York Municipal Valu (NYSE:NNY) to Issue Monthly Dividend of $0.03

Nuveen New York Municipal Valu (NYSE:NNY) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be given a dividend of $0.0295 per share by the investment management company on Tuesday, December 1st. This represents a $0.35 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen New York Municipal Valu Stock Performance

NNY stock opened at $7.87 on Tuesday. Nuveen New York Municipal Valu has a 12 month low of $7.55 and a 12 month high of $8.94. The firm has a 50 day moving average of $7.91 and a 200-day moving average of $8.37.

Nuveen New York Municipal Valu Company Profile

Nuveen New York Municipal Value Fund, Inc (NYSE: NNY) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax and New York State and New York City personal income taxes, subject to applicable tax rules.

The fund invests primarily in municipal securities issued by New York State, its political subdivisions and public authorities, as well as other qualifying municipal issuers. Its portfolio may include bonds financing public infrastructure and essential services such as transportation, education, health care, utilities and housing.

NNY is managed by Nuveen, an investment manager specializing in municipal bonds and other income-oriented strategies.