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 Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0655 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Wednesday, July 15th.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.3%

Shares of NYSE:NMZ opened at $10.54 on Thursday. Nuveen Municipal High Income Opportunity Fund has a 1-year low of $9.83 and a 1-year high of $10.77. The firm’s 50 day simple moving average is $10.26 and its two-hundred day simple moving average 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.