Nuveen New York Select Tax-Free Income Portfolio Announces Monthly Dividend of $0.03 (NYSE:NXN)

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXNGet Rating) announced a monthly dividend on Tuesday, April 5th, Wall Street Journal reports. Shareholders of record on Thursday, April 14th will be paid a dividend of 0.033 per share on Monday, May 2nd. This represents a $0.40 annualized dividend and a yield of 3.22%. The ex-dividend date is Wednesday, April 13th.

Nuveen New York Select Tax-Free Income Portfolio stock opened at $12.31 on Tuesday. The company’s 50 day moving average is $12.85. Nuveen New York Select Tax-Free Income Portfolio has a fifty-two week low of $12.10 and a fifty-two week high of $14.50.

Institutional investors have recently bought and sold shares of the company. NEXT Financial Group Inc raised its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 11.7% during the fourth quarter. NEXT Financial Group Inc now owns 8,568 shares of the company’s stock valued at $117,000 after acquiring an additional 898 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 294,822.2% during the fourth quarter. Bank of America Corp DE now owns 26,543 shares of the company’s stock valued at $361,000 after acquiring an additional 26,534 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 8.1% during the third quarter. Morgan Stanley now owns 69,237 shares of the company’s stock valued at $960,000 after acquiring an additional 5,204 shares in the last quarter. 10.11% of the stock is owned by hedge funds and other institutional investors.

About Nuveen New York Select Tax-Free Income Portfolio (Get Rating)

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.

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Dividend History for Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN)

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