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

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be given a dividend of 0.0655 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Friday, August 14th.

Nuveen Municipal High Income Opportunity Fund Stock Performance

Shares of Nuveen Municipal High Income Opportunity Fund stock opened at $10.15 on Tuesday. The firm’s 50-day simple moving average is $10.33 and its 200-day simple moving average is $10.36. Nuveen Municipal High Income Opportunity Fund has a 1 year low of $9.92 and a 1 year high of $10.77.

Nuveen Municipal High Income Opportunity Fund Company Profile

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.