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

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

Nuveen Municipal High Income Opportunity Fund Price Performance

Nuveen Municipal High Income Opportunity Fund stock opened at $10.26 on Wednesday. Nuveen Municipal High Income Opportunity Fund has a one year low of $9.92 and a one year high of $10.77. The company’s fifty day moving average price is $10.33 and its two-hundred day moving average price is $10.35.

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.