Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Plans Monthly Dividend of $0.07

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) announced a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.0655 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen Municipal High Income Opportunity Fund Trading Down 0.4%

NYSE:NMZ traded down $0.05 during mid-day trading on Wednesday, hitting $10.22. 166,651 shares of the company’s stock traded hands, compared to its average volume of 480,262. The company has a fifty day moving average of $10.33 and a 200 day moving average of $10.44. Nuveen Municipal High Income Opportunity Fund has a twelve month low of $9.83 and a twelve month 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.