Nuveen Municipal High Income Oppty Fund (NYSE:NMZ) announced a monthly dividend on Thursday, January 2nd, Zacks reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.06 per share on Monday, February 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Tuesday, January 14th. This is a boost from Nuveen Municipal High Income Oppty Fund’s previous monthly dividend of $0.06.
Nuveen Municipal High Income Oppty Fund has decreased its dividend payment by an average of 7.1% per year over the last three years.
Nuveen Municipal High Income Oppty Fund stock traded up $0.06 during midday trading on Friday, reaching $14.41. The company’s stock had a trading volume of 357,923 shares, compared to its average volume of 432,843. Nuveen Municipal High Income Oppty Fund has a fifty-two week low of $12.15 and a fifty-two week high of $14.58. The business has a 50-day simple moving average of $14.21 and a 200-day simple moving average of $14.20.
Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities.
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