Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Declares $0.06 Monthly Dividend

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCOGet Rating) announced a monthly dividend on Friday, April 1st, Zacks reports. Stockholders of record on Thursday, April 14th will be paid a dividend of 0.062 per share on Monday, May 2nd. This represents a $0.74 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend is Wednesday, April 13th.

Shares of NYSE NMCO opened at $13.01 on Monday. The stock’s 50-day moving average is $13.92. Nuveen Municipal Credit Opportunities Fund has a 12-month low of $12.95 and a 12-month high of $17.31.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 26.7% during the fourth quarter. Advisors Asset Management Inc. now owns 235,973 shares of the company’s stock valued at $3,695,000 after acquiring an additional 49,799 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Nuveen Municipal Credit Opportunities Fund by 48.3% in the second quarter. Citadel Advisors LLC now owns 21,162 shares of the company’s stock valued at $327,000 after acquiring an additional 6,895 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Nuveen Municipal Credit Opportunities Fund by 1.3% in the fourth quarter. Wells Fargo & Company MN now owns 321,538 shares of the company’s stock worth $5,035,000 after buying an additional 4,087 shares during the period.

Nuveen Municipal Credit Opportunities Fund Company Profile (Get Rating)

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.

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Dividend History for Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO)

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