Nuveen Municipal High Income Oppty Fund (NYSE:NMZ) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.06 per share on Tuesday, September 3rd. This represents a $0.72 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend is Wednesday, August 14th.
Nuveen Municipal High Income Oppty Fund has decreased its dividend by an average of 5.0% annually over the last three years.
NMZ remained flat at $$14.56 during trading on Tuesday. 28,467 shares of the company’s stock traded hands, compared to its average volume of 161,803. Nuveen Municipal High Income Oppty Fund has a 52 week low of $11.30 and a 52 week high of $14.57. The firm has a fifty day simple moving average of $14.12.
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.
Further Reading: Discount Rate
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