Nuveen Municipal High Income Oppty Fund (NMZ) Plans Monthly Dividend of $0.06

Nuveen Municipal High Income Oppty Fund (NYSE:NMZ) declared a monthly dividend on Monday, December 3rd, NASDAQ reports. Investors of record on Friday, December 14th will be paid a dividend of 0.056 per share on Monday, December 31st. This represents a $0.67 annualized dividend and a yield of 5.62%. The ex-dividend date is Thursday, December 13th.

Nuveen Municipal High Income Oppty Fund has decreased its dividend by an average of 4.3% per year over the last three years.

NMZ stock traded up $0.04 on Friday, hitting $11.95. 138,500 shares of the company were exchanged, compared to its average volume of 164,775. Nuveen Municipal High Income Oppty Fund has a twelve month low of $11.60 and a twelve month high of $13.91.

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About Nuveen Municipal High Income Oppty Fund

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.

See Also: Depreciation