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

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

Nuveen Municipal High Income Opportunity Fund Stock Down 0.4%

NMZ opened at $10.27 on Tuesday. Nuveen Municipal High Income Opportunity Fund has a 1 year low of $9.83 and a 1 year high of $10.77. The firm’s fifty day moving average price is $10.23 and its two-hundred day moving average price is $10.39.

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.