Nuveen Enhanced Municipal Value Fund (NEV) to Issue Monthly Dividend of $0.06 on May 3rd

Nuveen Enhanced Municipal Value Fund (NYSE:NEV) declared a monthly dividend on Tuesday, April 6th, Wall Street Journal reports. Stockholders of record on Thursday, April 15th will be paid a dividend of 0.061 per share on Monday, May 3rd. This represents a $0.73 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Wednesday, April 14th.

Shares of NEV stock opened at $16.78 on Thursday. The company’s fifty day simple moving average is $15.85 and its 200-day simple moving average is $15.64. Nuveen Enhanced Municipal Value Fund has a 52 week low of $12.49 and a 52 week high of $17.65.

About Nuveen Enhanced Municipal Value Fund

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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