Nuveen Municipal Value Fund Inc (NYSE:NUV) announced a monthly dividend on Thursday, October 1st, Zacks reports. Shareholders of record on Thursday, October 15th will be given a dividend of 0.031 per share by the closed-end fund on Monday, November 2nd. This represents a $0.37 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Wednesday, October 14th.
Nuveen Municipal Value Fund has decreased its dividend by 5.2% over the last three years and has increased its dividend every year for the last 1 years.
NYSE:NUV traded up $0.03 during mid-day trading on Friday, hitting $10.70. The company’s stock had a trading volume of 223,933 shares, compared to its average volume of 396,629. Nuveen Municipal Value Fund has a 1 year low of $8.30 and a 1 year high of $11.15. The business’s fifty day moving average is $10.66 and its two-hundred day moving average is $10.13.
Nuveen Municipal Value Fund Company Profile
Nuveen Municipal Value Fund, Inc 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 also invests some portion of its portfolio in derivative instruments.
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