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

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.0685 per share on Monday, December 2nd. This represents a $0.82 annualized dividend and a yield of 7.37%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost 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% per year over the last three years.

Nuveen Municipal Credit Opportunities Fund Stock Performance

NYSE:NMCO traded up $0.07 during mid-day trading on Wednesday, hitting $11.15. 114,734 shares of the stock were exchanged, compared to its average volume of 199,645. The firm’s 50-day simple moving average is $11.53 and its 200 day simple moving average is $11.15. Nuveen Municipal Credit Opportunities Fund has a fifty-two week low of $10.37 and a fifty-two week 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.