Dividend Worth Watching: Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) dividends of $0.07 are projected for the near future; this is why.

Dividend Worth Watching: Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) dividends of $0.07 are projected for the near future; this is why.

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) is expected to pay $0.07 on Dec 1, 2016. The indicated annual dividend is $0.83. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Nuveen Municipal High Income Opportunity Fund’s current price of $13.53, the dividend is 0.51%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.59% or $0.08 on November 8, hitting $13.53. Nuveen Municipal High Income Oppty Fund (NYSE:NMZ) has declined 3.77% since April 7, 2016 and is downtrending. It has underperformed by 8.55% the S&P500.

Nuveen Municipal High Income Opportunity Fund is a diversified, closed-end management investment company. The company has a market cap of $776.27 million. The Fund seeks to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain the United States territories. It currently has negative earnings. The Fund’s investment portfolio includes various sectors, such as transportation, healthcare, tax obligation/limited, tax obligation/general, education and civic organizations, water and sewer, the United States guaranteed and utilities.

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