Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Get Free Report) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0325 per share by the closed-end fund on Monday, November 2nd. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, October 15th.
Nuveen Municipal Value Fund Trading Up 0.3%
NYSE NUV opened at $8.28 on Friday. The company has a 50 day moving average of $8.79 and a 200-day moving average of $9.01. Nuveen Municipal Value Fund has a 1-year low of $8.02 and a 1-year high of $9.26.
About Nuveen Municipal Value Fund
Nuveen Municipal Value Fund (NYSE: NUV) is a closed-end investment fund managed by Nuveen Asset Management, LLC. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal securities issued by states, cities, counties and other governmental entities.
Its portfolio may include a broad range of investment-grade and below-investment-grade municipal bonds, including general obligation and revenue bonds. These securities can finance public infrastructure and services such as schools, transportation systems, utilities and health care facilities.
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