Nuveen NY Select Tax-Free Income Portfol Announces Monthly Dividend of $0.04 (NXN)

Nuveen NY Select Tax-Free Income Portfol (NYSE:NXN) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.042 per share on Thursday, March 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Wednesday, February 14th.

Nuveen NY Select Tax-Free Income Portfol has decreased its dividend by an average of 2.2% annually over the last three years.

Nuveen NY Select Tax-Free Income Portfol (NYSE NXN) traded down $0.07 during midday trading on Monday, hitting $13.00. 3,532 shares of the company’s stock were exchanged, compared to its average volume of 6,793. Nuveen NY Select Tax-Free Income Portfol has a 12-month low of $12.98 and a 12-month high of $14.37.

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About Nuveen NY Select Tax-Free Income Portfol

Nuveen New York Select Tax-Free Income Portfolio (the Fund) is a diversified closed-end management investment company. The Fund seeks to provide current income exempt from regular federal, and New York State and New York City income tax consistent with the preservation of capital. The Fund invests in municipal securities that are exempt from federal, New York state, and New York City income taxes.

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