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

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders 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 is Wednesday, January 15th.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV traded up $0.03 during mid-day trading on Friday, reaching $8.70. 260,834 shares of the company’s stock traded hands, compared to its average volume of 289,167. The business’s 50-day moving average price is $8.80 and its 200-day moving average price is $8.83. Nuveen Municipal Value Fund has a 12 month low of $8.35 and a 12 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.