Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) to Issue $0.07 Monthly Dividend

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) announced a monthly dividend on Tuesday, September 1st. Shareholders 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 yield of 8.0%. The ex-dividend date is Tuesday, September 15th.

Nuveen Municipal High Income Opportunity Fund Stock Performance

Shares of NYSE:NMZ traded down $0.04 during trading on Wednesday, hitting $9.86. 135,400 shares of the company’s stock were exchanged, compared to its average volume of 566,021. The business’s 50-day simple moving average is $10.27 and its 200 day simple moving average is $10.31. Nuveen Municipal High Income Opportunity Fund has a 52-week low of $9.86 and a 52-week high of $10.77.

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.