Nuveen Enhanced Municipal Value Fund (NYSE:NEV) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Monday, July 15th will be given a dividend of 0.056 per share on Thursday, August 1st. This represents a $0.67 annualized dividend and a yield of 4.64%. The ex-dividend date is Friday, July 12th.
Nuveen Enhanced Municipal Value Fund has decreased its dividend payment by an average of 5.7% annually over the last three years.
NYSE NEV opened at $14.49 on Wednesday. Nuveen Enhanced Municipal Value Fund has a 52 week low of $12.55 and a 52 week high of $14.51. The firm’s 50-day simple moving average is $14.15.
Nuveen Enhanced Municipal Value Fund 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 invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes.
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