Nuveen New York Municipal Value Fund 2 Announces Monthly Dividend of $0.03 (NYSE:NYV)
Nuveen New York Municipal Value Fund 2 (NYSE:NYV) announced a monthly dividend on Monday, June 1st, Zacks reports. Stockholders of record on Monday, June 15th will be given a dividend of 0.027 per share on Wednesday, July 1st. This represents a $0.32 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, June 12th.
Nuveen New York Municipal Value Fund 2 has decreased its dividend by an average of 22.7% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.
NYV stock traded up $0.04 during midday trading on Wednesday, reaching $13.68. The company’s stock had a trading volume of 620 shares, compared to its average volume of 5,364. Nuveen New York Municipal Value Fund 2 has a 52 week low of $11.00 and a 52 week high of $14.98. The business’s 50-day simple moving average is $13.35 and its 200-day simple moving average is $13.97.
Nuveen New York Municipal Value Fund 2 is a close-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 fixed income markets of New York. The fund primarily invests its assets in a portfolio of municipal securities with an objective to provide current income exempt from regular federal and New York income taxes.
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