Nuveen New York Municipal Valu (NYSE:NNY) to Issue Monthly Dividend of $0.03

Nuveen New York Municipal Valu (NYSE:NNY) announced a monthly dividend on Thursday, October 1st. Investors of record on Thursday, October 15th will be paid a dividend of $0.0295 per share by the investment management company on Monday, November 2nd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, October 15th.

Nuveen New York Municipal Valu Trading Up 0.4%

Shares of NNY opened at $7.81 on Friday. Nuveen New York Municipal Valu has a 12-month low of $7.55 and a 12-month high of $8.94. The stock has a 50-day moving average price of $8.09 and a 200-day moving average price of $8.40.

About Nuveen New York Municipal Valu

Nuveen New York Municipal Value Fund, Inc (NYSE: NNY) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax and New York State and New York City income taxes. The fund is designed for investors seeking tax-advantaged exposure to the municipal bond market.

The fund invests primarily in municipal securities issued by or on behalf of New York State and its political subdivisions, municipalities, and public authorities. Its portfolio may include bonds financing public infrastructure and essential services, such as transportation, education, health care, utilities, and other civic projects.