Nuveen New York Municipal Valu (NNY) to Issue Monthly Dividend of $0.03 on April 1st

Nuveen New York Municipal Valu (NYSE:NNY) declared a monthly dividend on Monday, March 2nd. Shareholders of record on Friday, March 13th will be given a dividend of 0.0295 per share by the investment management company on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen New York Municipal Valu Stock Down 0.7%

Shares of NNY traded down $0.06 during trading hours on Wednesday, reaching $8.68. 5,964 shares of the stock traded hands, compared to its average volume of 39,778. The company’s 50-day moving average price is $8.58 and its two-hundred day moving average price is $8.45. Nuveen New York Municipal Valu has a 52-week low of $7.77 and a 52-week high of $8.94.

About Nuveen New York Municipal Valu

Nuveen New York Municipal Value Fund, Inc (NYSE: NNY) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State income taxes. The fund primarily invests in investment-grade municipal securities issued by public issuers in the State of New York, including general obligation bonds and revenue bonds issued to finance essential public projects such as schools, transportation infrastructure and utility systems.

As a diversified municipal bond fund, NNY’s portfolio spans a broad range of maturities and credit qualities within the investment-grade universe.