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

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of 0.0655 per share on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Thursday, January 15th.

Nuveen Municipal High Income Opportunity Fund Stock Up 0.1%

Nuveen Municipal High Income Opportunity Fund stock traded up $0.02 during midday trading on Tuesday, hitting $10.45. 54,615 shares of the stock were exchanged, compared to its average volume of 356,107. 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 price is $10.47 and its 200-day moving average price is $10.37.

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.