Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Raises Dividend to $0.07 Per Share

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 7.37%. 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 payment by an average of 6.3% annually over the last three years.

Nuveen Municipal Credit Opportunities Fund Stock Performance

NYSE:NMCO traded up $0.08 during mid-day trading on Wednesday, reaching $11.16. The stock had a trading volume of 99,371 shares, compared to its average volume of 199,525. The firm has a 50 day moving average price of $11.53 and a two-hundred day moving average price of $11.15. Nuveen Municipal Credit Opportunities Fund has a one year low of $10.37 and a one 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.