Nuveen New York Select Tax-Free Income Portfolio Declares Monthly Dividend of $0.04 (NYSE:NXN)

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.042 per share on Monday, February 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen New York Select Tax-Free Income Portfolio has raised its dividend by an average of 0.7% annually over the last three years.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

Shares of NYSE NXN opened at $11.50 on Friday. The firm has a 50-day simple moving average of $11.76 and a two-hundred day simple moving average of $11.83. Nuveen New York Select Tax-Free Income Portfolio has a 1 year low of $10.98 and a 1 year high of $12.40.

Nuveen New York Select Tax-Free Income Portfolio Company Profile

Nuveen New York Select Tax-Free Income Portfolio 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 New York. The fund invests in the securities of companies that operate across diversified sectors.