Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ – Get Free Report) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.0655 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Friday, August 14th.
Nuveen Municipal High Income Opportunity Fund Price Performance
NYSE:NMZ opened at $10.15 on Wednesday. The stock’s 50 day simple moving average is $10.33 and its 200-day simple moving average is $10.36. Nuveen Municipal High Income Opportunity Fund has a 12-month low of $9.92 and a 12-month high of $10.77.
About Nuveen Municipal High Income Opportunity Fund
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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