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

Nuveen California Municipal Value Fund (NYSE:NCA) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given 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 raised its dividend payment by an average of 2.6% annually over the last three years.

Nuveen California Municipal Value Fund Trading Up 0.4 %

Shares of NCA stock traded up $0.03 during trading hours on Friday, hitting $8.49. The stock had a trading volume of 44,752 shares, compared to its average volume of 51,776. Nuveen California Municipal Value Fund has a one year low of $8.30 and a one year high of $9.23. The stock’s 50-day moving average price is $8.71 and its two-hundred day moving average price is $8.87.

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.