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 Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.0655 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Tuesday, September 15th.

Nuveen Municipal High Income Opportunity Fund Price Performance

NMZ traded down $0.01 during mid-day trading on Wednesday, reaching $9.88. 100,905 shares of the company traded hands, compared to its average volume of 565,820. The company’s fifty day moving average price is $10.27 and its 200-day moving average price is $10.31. Nuveen Municipal High Income Opportunity Fund has a 52-week low of $9.86 and a 52-week 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.