Nuveen New Jersey Municipal Value Fund (NYSE:NJV) Plans $0.03 Monthly Dividend
Nuveen New Jersey Municipal Value Fund (NYSE:NJV) announced a monthly dividend on Monday, June 1st, Zacks reports. Investors of record on Monday, June 15th will be paid a dividend of 0.031 per share on Wednesday, July 1st. This represents a $0.37 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, June 12th.
Nuveen New Jersey Municipal Value Fund has decreased its dividend by an average of 26.4% per year over the last three years.
Shares of NYSE:NJV traded down $0.08 during mid-day trading on Wednesday, hitting $12.88. 418 shares of the company traded hands, compared to its average volume of 5,228. Nuveen New Jersey Municipal Value Fund has a 52-week low of $10.84 and a 52-week high of $14.62. The firm’s 50 day simple moving average is $12.58 and its 200 day simple moving average is $13.39.
Nuveen New Jersey Municipal Value Fund is a close-ended fixed income mutual fund launched by Nuveen Investments Inc It is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund invests in fixed income markets of New Jersey. It primarily invests its assets in a portfolio of municipal securities with an objective to provide current income exempt from regular federal and New Jersey income taxes.
Featured Article: Why do analysts give a neutral rating?
Receive News & Ratings for Nuveen New Jersey Municipal Value Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen New Jersey Municipal Value Fund and related companies with MarketBeat.com's FREE daily email newsletter.