Nuveen Municipal Credit Opportunities Fund (NMCO) to Issue Monthly Dividend of $0.07 on February 3rd

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.0685 per share on Monday, February 3rd. This represents a $0.82 annualized dividend and a yield of 7.70%. The ex-dividend date is Wednesday, January 15th.

Nuveen Municipal Credit Opportunities Fund has decreased its dividend payment by an average of 1.1% annually over the last three years.

Nuveen Municipal Credit Opportunities Fund Trading Down 0.5 %

Shares of NMCO opened at $10.68 on Monday. Nuveen Municipal Credit Opportunities Fund has a 1 year low of $10.37 and a 1 year high of $12.20. The stock has a 50-day simple moving average of $10.93 and a 200-day simple moving average of $11.22.

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.