Nuveen Municipal High Income Opportunity Fund Announces Monthly Dividend of $0.07 (NYSE:NMZ)

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) announced a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of 0.0655 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen Municipal High Income Opportunity Fund Trading Up 0.3%

Shares of NYSE NMZ traded up $0.04 during mid-day trading on Tuesday, reaching $10.54. The company had a trading volume of 183,593 shares, compared to its average volume of 406,007. Nuveen Municipal High Income Opportunity Fund has a 52 week low of $9.36 and a 52 week high of $11.34. The business’s 50-day moving average is $10.40 and its 200-day moving average is $10.38.

Nuveen Municipal High Income Opportunity Fund Company Profile

Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax. The fund accomplishes this objective primarily through investments in a diversified portfolio of municipal obligations issued by state and local governments and their agencies across the United States. These securities may include general obligation bonds, revenue bonds, auction-rate securities and other types of tax-exempt debt.

To enhance yield, the fund employs leverage by borrowing against its assets, a strategy common among closed-end municipal funds.