Nuveen California Municipal Value Fund (NYSE:NCA) to Issue $0.03 Monthly Dividend

Nuveen California Municipal Value Fund (NYSE:NCAGet Free Report) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.029 per share on Monday, February 3rd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Wednesday, January 15th.

Nuveen California Municipal Value Fund has increased its dividend payment by an average of 2.6% annually over the last three years.

Nuveen California Municipal Value Fund Stock Up 0.4 %

NYSE NCA opened at $8.49 on Friday. The firm’s 50-day moving average is $8.70 and its two-hundred day moving average is $8.87. Nuveen California Municipal Value Fund has a 12 month low of $8.30 and a 12 month high of $9.23.

About Nuveen California Municipal Value Fund

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Nuveen California 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 California. The fund invests primarily in municipal securities rated Baa/BBB or better.

Further Reading

Dividend History for Nuveen California Municipal Value Fund (NYSE:NCA)

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