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

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.0685 per share on Monday, February 3rd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date is Wednesday, January 15th.

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 Price Performance

NMCO traded up $0.06 during midday trading on Friday, hitting $10.76. 164,114 shares of the company were exchanged, compared to its average volume of 144,857. The company’s 50 day simple moving average is $10.97 and its 200 day simple moving average is $11.23. Nuveen Municipal Credit Opportunities Fund has a 1-year low of $10.37 and a 1-year high of $12.20.

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.