Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) to Issue $0.05 Monthly Dividend

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.05 per share on Monday, June 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Tuesday, May 14th.

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

Nuveen Municipal Credit Opportunities Fund Stock Performance

Shares of NMCO stock traded up $0.11 on Friday, reaching $10.39. 143,909 shares of the company’s stock traded hands, compared to its average volume of 173,680. Nuveen Municipal Credit Opportunities Fund has a 12-month low of $8.52 and a 12-month high of $11.64. The business’s 50 day moving average price is $10.42 and its two-hundred day moving average price is $10.03.

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.