Nuveen New York Municipal Valu (NYSE:NNY) Plans $0.03 Monthly Dividend

Nuveen New York Municipal Valu (NYSE:NNY) declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.0295 per share by the investment management company on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, May 15th.

Nuveen New York Municipal Valu Stock Performance

Shares of NNY traded up $0.03 during mid-day trading on Wednesday, reaching $8.54. 4,075 shares of the company’s stock traded hands, compared to its average volume of 36,605. The business’s 50-day moving average price is $8.54 and its 200-day moving average price is $8.53. Nuveen New York Municipal Valu has a 12 month low of $7.77 and a 12 month 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.