Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Plans $0.03 Monthly Dividend

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.0325 per share by the closed-end fund on Tuesday, April 1st. This represents a $0.39 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen Municipal Value Fund Trading Down 0.3 %

Shares of NYSE:NUV traded down $0.03 during midday trading on Tuesday, reaching $8.82. 351,901 shares of the company’s stock traded hands, compared to its average volume of 455,981. Nuveen Municipal Value Fund has a one year low of $8.35 and a one year high of $9.15. The stock has a 50 day moving average of $8.73 and a 200 day moving average of $8.85.

About Nuveen Municipal Value Fund

Nuveen 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 the United States. The fund also invests some portion of its portfolio in derivative instruments.