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

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.0325 per share by the closed-end fund on Monday, February 3rd. This represents a $0.39 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Municipal Value Fund Price Performance

Shares of NYSE NUV traded up $0.03 during midday trading on Friday, reaching $8.70. 260,834 shares of the stock were exchanged, compared to its average volume of 289,167. The firm has a 50-day simple moving average of $8.80 and a two-hundred day simple moving average of $8.83. Nuveen Municipal Value Fund has a twelve month low of $8.35 and a twelve month high of $9.15.

About Nuveen Municipal Value Fund

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.