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

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.042 per share on Monday, February 3rd. This represents a $0.50 annualized dividend and a 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% per year over the last three years.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

Shares of NYSE NXN traded up $0.07 during midday trading on Friday, hitting $11.50. 21,133 shares of the company’s stock traded hands, compared to its average volume of 21,167. The firm has a fifty day moving average of $11.77 and a 200 day moving average of $11.84. 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.