Nuveen Municipal High Income Oppty Fund Announces Monthly Dividend of $0.07 (NYSE:NMZ)
Nuveen Municipal High Income Oppty Fund (NYSE:NMZ) declared a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Shareholders of record on Friday, July 14th will be paid a dividend of 0.0675 per share on Tuesday, August 1st. This represents a $0.81 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend is Wednesday, July 12th.
Nuveen Municipal High Income Oppty Fund has raised its dividend payment by an average of 0.3% annually over the last three years.
Shares of Nuveen Municipal High Income Oppty Fund (NYSE NMZ) remained flat at $13.45 during trading on Wednesday. 126,134 shares of the company traded hands. The firm’s 50-day moving average price is $13.41 and its 200 day moving average price is $13.14. Nuveen Municipal High Income Oppty Fund has a 12-month low of $12.64 and a 12-month high of $15.42.
In related news, insider Nuveen Fund Advisors, Llc sold 6,794 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $13.32, for a total transaction of $90,496.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
About Nuveen Municipal High Income Oppty Fund
Nuveen Municipal High Income Opportunity Fund is a diversified closed-end management investment company. The Fund seeks to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain territories in the United States.
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