Nuveen Municipal Value Fund, Inc. Announces Monthly Dividend of $0.03 (NYSE:NUV)

by · The Cerbat Gem

Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Get Free Report) declared a monthly dividend on Monday, December 1st. Shareholders of record on Monday, December 15th will be given a dividend of 0.0325 per share by the closed-end fund on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, December 15th.

Nuveen Municipal Value Fund Trading Down 0.4%

Shares of NYSE:NUV traded down $0.04 during midday trading on Tuesday, hitting $9.05. 124,039 shares of the company’s stock were exchanged, compared to its average volume of 471,324. The stock has a 50 day moving average price of $9.03 and a 200-day moving average price of $8.78. Nuveen Municipal Value Fund has a 12 month low of $8.38 and a 12 month high of $9.15.

About Nuveen Municipal Value Fund

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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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