Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) to Issue Monthly Dividend of $0.07

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

Nuveen Municipal High Income Opportunity Fund Price Performance

Shares of NMZ traded down $0.05 during trading on Wednesday, reaching $10.22. 166,651 shares of the company traded hands, compared to its average volume of 480,262. The stock has a 50-day simple moving average of $10.33 and a 200-day simple moving average of $10.44. Nuveen Municipal High Income Opportunity Fund has a twelve month low of $9.83 and a twelve month 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.