Nuveen Municipal Credit Opportunities Fund (NMCO) To Go Ex-Dividend on June 13th

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) declared a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.0685 per share on Tuesday, July 1st. This represents a $0.82 annualized dividend and a yield of 7.84%. The ex-dividend date of this dividend is Friday, June 13th.

Nuveen Municipal Credit Opportunities Fund has decreased its dividend by an average of 0.0% annually over the last three years.

Nuveen Municipal Credit Opportunities Fund Stock Down 0.4%

Shares of Nuveen Municipal Credit Opportunities Fund stock opened at $10.49 on Thursday. The stock’s fifty day moving average is $10.27 and its two-hundred day moving average is $10.71. Nuveen Municipal Credit Opportunities Fund has a 52 week low of $9.69 and a 52 week high of $12.20.

Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund

An institutional investor recently raised its position in Nuveen Municipal Credit Opportunities Fund stock. Royal Bank of Canada grew its position in Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) by 5.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 342,759 shares of the company’s stock after buying an additional 17,204 shares during the quarter. Royal Bank of Canada’s holdings in Nuveen Municipal Credit Opportunities Fund were worth $3,667,000 at the end of the most recent reporting period.

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.