Nuveen Municipal High Income Opportunity Fund (NMZ) to Issue Monthly Dividend of $0.07 on June 1st

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.0655 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, May 15th.

Nuveen Municipal High Income Opportunity Fund Price Performance

NMZ stock traded down $0.04 during trading hours on Wednesday, reaching $10.23. 238,982 shares of the stock were exchanged, compared to its average volume of 481,082. The firm’s 50-day moving average is $10.33 and its 200-day moving average is $10.44. Nuveen Municipal High Income Opportunity Fund has a 12 month low of $9.83 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.