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

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 paid 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 is Friday, November 15th. This is a positive change 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% per year over the last three years.

Nuveen Municipal Credit Opportunities Fund Stock Up 0.7 %

Shares of NMCO traded up $0.08 during midday trading on Wednesday, hitting $11.16. 99,371 shares of the company traded hands, compared to its average volume of 199,525. Nuveen Municipal Credit Opportunities Fund has a 52 week low of $10.37 and a 52 week high of $12.20. The firm has a 50 day moving average of $11.53 and a 200-day moving average of $11.15.

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.