Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ – Get Free Report) declared a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.0655 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Monday, June 15th.
Nuveen Municipal High Income Opportunity Fund Price Performance
NYSE: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 business has a fifty day moving average of $10.23 and a 200-day moving average of $10.39.
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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