Nuveen Municipal High Income Opportunity Fund · NMZ · NYSE
Distribution report · updated Nov 9, 2026
$9.05 +0.33% on the day, +$0.03
NMZ fund page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is NMZ’s distribution Very Safe or High Risk? 6 checks scored. NAV trend, payout stability, crash test and 3 more. Show the rating
Yearly payout / yield
$0.79·8.75%
$0.066 monthly x 12 ⓘ
Next payment
~$0.066/mo
pays ~Dec 2 (est.) ⓘ
Next ex-date
Nov 14est.
ex in 4 days ⓘ
Paying since
2004
275 payments on file
Pays
Monthly
12 payments a year
Yield vs history ⓘ
84
Well above its usual yield
NMZ share price & total return
Daily closing price, adjusted for stock splits.
NMZ stock page »All dividend lists »Build a portfolio around NMZ »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
NMZ Dividend Growth (CAGR)
1Y 0.0%3Y +15.8%5Y +0.3%10Y -0.4%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). The enlarge button shows all 275 payments since 2004.
Annual dividends and growth
Total paid per share in each calendar year. 2026: the solid bar is paid so far; the dashed box on top is expected (2 estimated from the current $0.066 rate), not a promise.

How Many NMZ Shares for $500 or $1,000 a Month?

At $0.79 a share a year, $500 a month takes about 7,576 NMZ shares, about $68,563 at the Nov 9, 2026 close of $9.05. $1,000 a month takes about 15,152 shares, about $137,126. Before taxes, and only while the rate holds.

Nuveen Municipal High Income Opportunity Fund (NMZ) pays $0.066 a share monthly, $0.79 a year, an 8.75% run-rate yield at the Nov 9, 2026 close of $9.05. It has made 275 distribution payments since 2004.

At today’s rate of $0.066 monthly and the last close of $9.05, this is what NMZ pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.066$0.07$0.79
100 shares$6.60$6.60$79.20
$10,000 invested (1,105.0 shares)$72.93$72.93$875.14
7,576 shares ($500/mo)$500.02$500.02$6,000.19
15,152 shares ($1,000/mo)$1,000.03$1,000.03$12,000.38

With DRIP on, every payment buys more shares instead of landing as cash. 100 NMZ shares reinvest into 0.73 new shares each payment, about 9.1 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 138 shares. A rising payout speeds that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with NMZ’s own history in the NMZ DRIP calculator.

The payout is not the return. In the 12 months to Nov 9, 2026, NMZ paid $0.79 a share while its share price fell from $10.60 to $9.05. Total return was -$0.76 a share, so every dollar paid above was your own money coming back, and the share value fell $0.76 more on top.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See NMZ’s rating and its 6 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • NAV trend: is the fund’s share price holding up report
  • Distribution funded by NAV: is it paying you with your own money report
  • Distribution stability: how much the payout jumps around history
  • Distribution trend: is the payout growing or shrinking history
  • Crash test: how the fund held up in market drops history
  • Yield sanity: is the yield too high to be believable rating

NMZ Dividend Yield Today vs Its 5-Year Range

84/100Well above its usual yieldvs its 10-yr history
  • NMZ yields 8.75% today, at the Nov 9, 2026 close of $9.05.
  • Its own 10-year median is 5.76%, so today’s yield is well above its usual level.
Last 5 years: lowest to highest month-end yield
4.90% low8.97% high
Blue mark = today, grey = its 10-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 10 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is NMZ’s Next Distribution? Ex-Date and Pay Date After November 2026

NMZ has not declared its next distribution yet. By its usual rhythm of about 30 days between ex-dates, the next ex-date falls around Nov 14, 2026, with the cash around Dec 2, 2026. An estimate, not a promise: only the declaration makes it final. The latest one, $0.066 a share, went ex on Oct 15, 2026 and paid around November 2026.

  • Ex-dates: about every 30 days (monthly)
  • Payment: usually about 18 days after the ex-date

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does NMZ Pay?

NMZ pays monthly, 12 times a year. The ex-date comes about every 30 days, and the cash usually lands about 18 days later.

Paid in the 12 months to Nov 9, 2026
$0.79 a share, in 12 payments.
+0.4% against the 12 months before ($0.79 in 12 payments).
By ex-date, the same 12 months the NAV check on this page reads. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays every month.

NMZ vs Similar Dividend Funds (NHFIX, THYFX...)

Against the 10 dividend funds in Asset Management - Income closest to NMZ in fund size, NMZ’s 8.75% run-rate yield is above the group’s middle yield of 6.58%. A higher yield than the group is not a bonus by itself: in income funds it often comes with a faster-falling share price, so read it next to the NAV trend and the rating.

Ticker Dividend ⓘ Yield Safety Rating
NMZ $9.05Nuveen Municipal High Income Opportunity Fund $0.066/mo$0.79/yr fwd 8.75% Dividend Safety Rating: paid plans only
NHFIX $5.84Northern High Yield Fixed Income Fund $0.038/mo$0.46/yr fwd 7.81% Dividend Safety Rating: paid plans only
THYFX $14.58Thrivent Diversified Income Plus S $0.05/mo$0.60/yr fwd 4.12% Dividend Safety Rating: paid plans only
PYEQX $29.57Pioneer Equity Income Fund-Class Y $0.13/qtr$0.52/yr fwd 1.76% Dividend Safety Rating: paid plans only
ETG $22.92Eaton Vance Tax-Advantaged Global Dividend Income Fund $0.129/mo$1.55/yr fwd 6.75% Dividend Safety Rating: paid plans only
ETY $13.73Eaton Vance Tax-Managed Diversified Equity Income Fund $0.099/mo$1.19/yr fwd 8.65% Dividend Safety Rating: paid plans only
PRTAX $9.19T. Rowe Price Tax-Free Income Fd $0.03/mo$0.36/yr fwd 3.92% Dividend Safety Rating: paid plans only
NZF $11.52Nuveen Municipal Credit Income Fund $0.08/mo$0.96/yr fwd 8.33% Dividend Safety Rating: paid plans only
BFRKX $9.29BlackRock Floating Rate Income Fund $0.0495/mo$0.59/yr fwd 6.40% Dividend Safety Rating: paid plans only
FDMMX $11.30Fidelity Massachuseets Municipal Income Fund $0.028/mo$0.34/yr fwd 2.97% Dividend Safety Rating: paid plans only
NAC $10.44Nuveen California Quality Municipal Income Fund $0.07/mo$0.84/yr fwd 8.05% Dividend Safety Rating: paid plans only

NMZ Dividend History: Every Payment Since 2004

Ex-datePay dateAmountFrequencyType
Oct 15, 2026Oct 19, 2026$0.066MonthlyRegular
Sep 15, 2026Sep 17, 2026$0.066MonthlyRegular
Aug 14, 2026Aug 17, 2026$0.066MonthlyRegular
Jul 15, 2026Jul 17, 2026$0.066MonthlyRegular
Jun 15, 2026Jun 17, 2026$0.066MonthlyRegular
May 15, 2026May 18, 2026$0.066MonthlyRegular
Apr 15, 2026Apr 17, 2026$0.066MonthlyRegular
Mar 13, 2026Mar 16, 2026$0.066MonthlyRegular
Feb 13, 2026Feb 16, 2026$0.066MonthlyRegular
Jan 15, 2026Jan 19, 2026$0.066MonthlyRegular
The other 265 NMZ payments come with a paid plan.
Show all 275 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for NMZ

UnlockDividend Safety Rating: paid plans only
See where NMZ lands, and why.
See the rating & factors »
Own NMZ? Your payouts fill in by themselves Add NMZ once, with your buy date and share count. Every distribution since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track NMZ →

NMZ Dividend Questions

How often does NMZ pay distributions?

NMZ pays monthly, 12 times a year. The ex-date comes about every 30 days, and the cash usually lands about 18 days later.

Does NMZ pay distributions monthly?

Yes. NMZ pays monthly, 12 times a year.

When is the next NMZ distribution?

NMZ has not declared its next distribution yet. By its usual rhythm of about 30 days between ex-dates, the next ex-date falls around Nov 14, 2026, with the cash around Dec 2, 2026. An estimate, not a promise: only the declaration makes it final. The latest one, $0.066 a share, went ex on Oct 15, 2026 and paid around November 2026. The current rate is $0.066 per share, $0.79 a year.

Does NMZ pay a distribution in December 2026?

Not declared yet. By its usual rhythm the next ex-date falls around Nov 14, 2026, with the cash around Dec 2, 2026, so a payment in December 2026 is likely. Only the company’s declaration makes it final.

How much does NMZ pay per share?

NMZ pays $0.066 a share monthly, $0.79 a year. At the Nov 9, 2026 close of $9.05 that is an 8.75% run-rate yield, well above its usual level: its own 10-year median is 5.76%.

Does NMZ’s payout grow?

Its last 12 payments (about a year) averaged $0.066, +0.4% against $0.0658 for the 12 before. Its payout floats with the income the fund earns each period, so there is no fixed rate to raise. Measured over a full year, the payout rate changed +0.0%.

Is NMZ’s distribution safe?

No rating can promise a future payment, but the record on file says a lot. In the 12 months to Nov 9, 2026 it paid $0.79 a share while its share price went from $10.60 to $9.05. This is data, not investment advice. The full 6-check rating comes with a plan.

How do I track my NMZ distributions?

Add NMZ to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run NMZ in the DRIP calculator.

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How this page is built: the rate is the latest regular distribution per share; run-rate yield = rate × payments per year ÷ last close (Nov 9, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 6 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.