Nuveen Municipal High Income Opportunity Fund (NMZ) to Distribute Monthly Dividend of $0.07 on October 1st

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.0655 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Tuesday, September 15th.

Nuveen Municipal High Income Opportunity Fund Stock Performance

Shares of Nuveen Municipal High Income Opportunity Fund stock opened at $9.60 on Friday. The stock’s fifty day moving average price is $10.15 and its 200-day moving average price is $10.27. Nuveen Municipal High Income Opportunity Fund has a 12 month low of $9.48 and a 12 month 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.