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

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.042 per share on Tuesday, April 1st. This represents a $0.50 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Friday, March 14th.

Nuveen New York Select Tax-Free Income Portfolio has raised its dividend payment by an average of 5.9% annually over the last three years.

Nuveen New York Select Tax-Free Income Portfolio Trading Down 0.3 %

NXN stock traded down $0.04 during midday trading on Tuesday, reaching $11.82. 14,618 shares of the company’s stock traded hands, compared to its average volume of 11,871. Nuveen New York Select Tax-Free Income Portfolio has a fifty-two week low of $10.98 and a fifty-two week high of $12.40. The business has a 50-day moving average price of $11.63 and a two-hundred day moving average price of $11.83.

About Nuveen New York Select Tax-Free Income Portfolio

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.