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, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.042 per share on Thursday, May 1st. This represents a $0.50 annualized dividend and a yield of 4.28%. The ex-dividend date is Tuesday, April 15th.

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

Nuveen New York Select Tax-Free Income Portfolio Stock Up 0.3 %

Shares of NYSE:NXN traded up $0.04 on Thursday, hitting $11.77. The company had a trading volume of 17,891 shares, compared to its average volume of 10,457. Nuveen New York Select Tax-Free Income Portfolio has a 52-week low of $10.98 and a 52-week high of $12.40. The business has a 50 day moving average of $11.74 and a 200 day moving average of $11.80.

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.