Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ – Get Free Report) declared a monthly dividend on Monday, March 2nd. Shareholders of record on Friday, March 13th will be given 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 Trading Down 0.5%
NYSE:NMZ traded down $0.05 during mid-day trading on Wednesday, hitting $10.61. The company had a trading volume of 335,913 shares, compared to its average volume of 445,548. The business has a fifty day simple moving average of $10.44 and a 200-day simple moving average of $10.47. Nuveen Municipal High Income Opportunity Fund has a 1 year low of $9.36 and a 1 year high of $11.27.
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.
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