Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Declares Dividend Increase – $0.07 Per Share

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) declared a monthly dividend on Monday, June 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.0685 per share on Monday, July 1st. This represents a $0.82 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from Nuveen Municipal Credit Opportunities Fund’s previous monthly dividend of $0.05.

Nuveen Municipal Credit Opportunities Fund has decreased its dividend by an average of 6.3% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Nuveen Municipal Credit Opportunities Fund Stock Up 1.1 %

Shares of NYSE NMCO traded up $0.12 during midday trading on Wednesday, hitting $10.80. 157,959 shares of the company’s stock were exchanged, compared to its average volume of 131,941. The business’s fifty day moving average price is $10.41 and its two-hundred day moving average price is $10.27. Nuveen Municipal Credit Opportunities Fund has a 12-month low of $10.37 and a 12-month high of $10.87.

About Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Credit Opportunities Fund (NMCO) seeks to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. The Fund invests primarily in high yielding, low- to medium-quality municipal securities that, at the time of investment, are rated Baa/BBB or lower or, if unrated, are judged by the portfolio managers to be of comparable quality.