Nuveen Enhanced Municipal Value Fund (NYSE:NEV) Increases Dividend to $0.06 Per Share

Nuveen Enhanced Municipal Value Fund (NYSE:NEV) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.0565 per share on Tuesday, December 31st. This represents a $0.68 annualized dividend and a yield of 4.57%. The ex-dividend date is Thursday, December 12th. This is a boost from Nuveen Enhanced Municipal Value Fund’s previous monthly dividend of $0.06.

Nuveen Enhanced Municipal Value Fund stock traded up $0.12 during mid-day trading on Wednesday, hitting $14.82. 41,214 shares of the company’s stock were exchanged, compared to its average volume of 56,093. Nuveen Enhanced Municipal Value Fund has a 1-year low of $12.64 and a 1-year high of $15.05. The stock has a 50 day moving average of $14.53 and a two-hundred day moving average of $14.46.

Nuveen Enhanced Municipal Value Fund Company Profile

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.

Further Reading: Why do company’s buyback their stock?

Dividend History for Nuveen Enhanced Municipal Value Fund (NYSE:NEV)

Receive News & Ratings for Nuveen Enhanced Municipal Value Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Enhanced Municipal Value Fund and related companies with MarketBeat.com's FREE daily email newsletter.