Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Announces Dividend Increase – $0.07 Per Share

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCOGet Free Report) declared a monthly dividend on Wednesday, June 5th, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.0685 per share on Monday, July 1st. This represents a $0.82 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Nuveen Municipal Credit Opportunities Fund’s previous monthly dividend of $0.05.

Nuveen Municipal Credit Opportunities Fund has decreased its dividend payment by an average of 6.3% per year over the last three years and has increased its dividend every year for the last 1 years.

Nuveen Municipal Credit Opportunities Fund Stock Up 1.1 %

Shares of Nuveen Municipal Credit Opportunities Fund stock traded up $0.12 during midday trading on Wednesday, reaching $10.80. 157,959 shares of the company’s stock traded hands, compared to its average volume of 131,941. Nuveen Municipal Credit Opportunities Fund has a 52 week low of $10.37 and a 52 week high of $10.87. The company’s 50 day simple moving average is $10.41 and its 200 day simple moving average is $10.27.

Nuveen Municipal Credit Opportunities Fund Company Profile

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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.

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Dividend History for Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO)

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