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

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) declared a monthly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be paid a dividend of 0.0655 per share on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen Municipal High Income Opportunity Fund Price Performance

NMZ stock traded down $0.07 during mid-day trading on Wednesday, reaching $10.59. 157,920 shares of the company traded hands, compared to its average volume of 444,223. The firm’s 50 day moving average price is $10.44 and its 200 day moving average price is $10.47. Nuveen Municipal High Income Opportunity Fund has a fifty-two week low of $9.36 and a fifty-two week high of $11.27.

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.