Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) to Issue Monthly Dividend of $0.07

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.0685 per share on Monday, December 2nd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Nuveen Municipal Credit Opportunities Fund’s previous monthly dividend of $0.06.

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

Nuveen Municipal Credit Opportunities Fund Stock Up 0.5 %

Shares of NMCO stock traded up $0.05 during trading on Wednesday, reaching $11.13. The company had a trading volume of 104,661 shares, compared to its average volume of 199,566. The firm’s 50 day simple moving average is $11.53 and its two-hundred day simple moving average is $11.15. Nuveen Municipal Credit Opportunities Fund has a one year low of $10.37 and a one year high of $12.20.

About Nuveen Municipal Credit Opportunities Fund

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.