Nuveen New Jersey Municipal Value Fund (NYSE:NJV) announced a monthly dividend on Monday, June 1st, Zacks reports. Shareholders 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 of this dividend is Friday, June 12th.
Nuveen New Jersey Municipal Value Fund has decreased its dividend by an average of 26.4% annually over the last three years.
Shares of NJV stock traded down $0.08 during mid-day trading on Wednesday, hitting $12.88. The stock had a trading volume of 418 shares, compared to its average volume of 5,228. Nuveen New Jersey Municipal Value Fund has a 12-month low of $10.84 and a 12-month high of $14.62. The firm’s 50-day moving average is $12.58 and its two-hundred day 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.
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