Nuveen Municipal Credit Opportunities Fund (NMCO) to Issue Monthly Dividend of $0.05 on June 3rd

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.05 per share on Monday, June 3rd. This represents a $0.60 annualized dividend and a dividend yield of 5.77%. The ex-dividend date is Tuesday, May 14th.

Nuveen Municipal Credit Opportunities Fund has decreased its dividend payment by an average of 6.3% per year over the last three years.

Nuveen Municipal Credit Opportunities Fund Stock Performance

NYSE:NMCO traded up $0.11 during mid-day trading on Friday, reaching $10.39. The stock had a trading volume of 143,909 shares, compared to its average volume of 173,680. Nuveen Municipal Credit Opportunities Fund has a 12 month low of $8.52 and a 12 month high of $11.64. The stock has a 50-day simple moving average of $10.42 and a two-hundred day simple moving average of $10.03.

Nuveen Municipal Credit Opportunities Fund Company Profile

Nuveen Municipal Credit Opportunities Fund (NMCO) seeks to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. The Fund invests primarily in high yielding, low- to medium-quality municipal securities that, at the time of investment, are rated Baa/BBB or lower or, if unrated, are judged by the portfolio managers to be of comparable quality.