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

Nuveen California Municipal Value Fund (NYSE:NCA) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Wednesday, January 15th.

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

Nuveen California Municipal Value Fund Stock Performance

Shares of NYSE:NCA traded up $0.03 during trading on Friday, hitting $8.49. 44,752 shares of the company’s stock were exchanged, compared to its average volume of 51,776. The business’s 50-day simple moving average is $8.71 and its 200 day simple moving average is $8.87. Nuveen California Municipal Value Fund has a 52-week low of $8.30 and a 52-week high of $9.23.

About Nuveen California Municipal Value Fund

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.