Nuveen Enhanced Municipal Value Fund (NYSE:NEV) announced a monthly dividend on Thursday, October 1st, Zacks reports. Investors of record on Thursday, October 15th will be paid a dividend of 0.061 per share on Monday, November 2nd. This represents a $0.73 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Wednesday, October 14th.
Nuveen Enhanced Municipal Value Fund has decreased its dividend payment by 26.8% over the last three years and has raised its dividend annually for the last 1 consecutive years.
NYSE NEV remained flat at $$14.65 during mid-day trading on Friday. 31,998 shares of the company were exchanged, compared to its average volume of 75,574. The business has a 50-day simple moving average of $14.95 and a 200 day simple moving average of $14.10. Nuveen Enhanced Municipal Value Fund has a 12-month low of $10.05 and a 12-month high of $15.90.
Nuveen Enhanced Municipal Value Fund Company Profile
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.
See Also: Lock-Up Period Expiration
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