Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ – Get Free Report) announced a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be paid a dividend of 0.0655 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, May 15th.
Nuveen Municipal High Income Opportunity Fund Trading Down 0.3%
Shares of NYSE NMZ traded down $0.04 during trading on Wednesday, reaching $10.23. The stock had a trading volume of 191,722 shares, compared to its average volume of 480,353. Nuveen Municipal High Income Opportunity Fund has a fifty-two week low of $9.83 and a fifty-two week high of $10.77. The business’s 50-day moving average price is $10.33 and its 200-day moving average price is $10.44.
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.
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