GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Municipal High Income Opp Fund (NYSE:NMZ) » Definitions » 5-Year Yield-on-Cost %

Nuveen Municipal Highome Opp Fund (Nuveen Municipal Highome Opp Fund) 5-Year Yield-on-Cost %

: 4.73 (As of Today)
View and export this data going back to 2003. Start your Free Trial

Nuveen Municipal Highome Opp Fund's yield on cost for the quarter that ended in Oct. 2023 was 4.73.


The historical rank and industry rank for Nuveen Municipal Highome Opp Fund's 5-Year Yield-on-Cost % or its related term are showing as below:

NMZ' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 4.12   Med: 5.79   Max: 10.72
Current: 4.73


During the past 13 years, Nuveen Municipal Highome Opp Fund's highest Yield on Cost was 10.72. The lowest was 4.12. And the median was 5.79.


NMZ's 5-Year Yield-on-Cost % is ranked worse than
60.28% of 1216 companies
in the Asset Management industry
Industry Median: 6.05 vs NMZ: 4.73

Competitive Comparison

For the Asset Management subindustry, Nuveen Municipal Highome Opp Fund's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nuveen Municipal Highome Opp Fund 5-Year Yield-on-Cost % Distribution

For the Asset Management industry and Financial Services sector, Nuveen Municipal Highome Opp Fund's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Nuveen Municipal Highome Opp Fund's 5-Year Yield-on-Cost % falls into.



Nuveen Municipal Highome Opp Fund 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Nuveen Municipal Highome Opp Fund is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

Nuveen Municipal Highome Opp Fund  (NYSE:NMZ) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


Nuveen Municipal Highome Opp Fund 5-Year Yield-on-Cost % Related Terms

Thank you for viewing the detailed overview of Nuveen Municipal Highome Opp Fund's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.


Nuveen Municipal Highome Opp Fund (Nuveen Municipal Highome Opp Fund) Business Description

Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Municipal High Income Opp Fund is a diversified, closed-end management investment company. The company's investment objectives is to provide current income exempt from regular federal income tax by investing predominantly in a portfolio of municipal obligations issued by state and local government authorities or certain U.S. territories. It seeks to provide attractive monthly tax-free income, portfolio diversification and attractive after tax total returns. The fund invests in municipal securities that are exempt from federal income taxes.
Executives
Nathaniel T. Jones officer: Vice President and Treasurer C/O NUVEEN 333 W. WACKER DRIVE, STE 3400, CHICAGO IL 60606
Terence J Toth officer: Trustee
Albin F Moschner other: Trustee C/O LURIO & ASSOCIATES, P.C., 2005 MARKET STREET, SUITE 3120, PHILADELPHIA PA 19103
Wells Fargo Municipal Capital Strategies, Llc 10 percent owner 375 PARK AVENUE, NEW YORK NY 10152
Wells Fargo & Company/mn 10 percent owner 420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Trey Iii Stenersen officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brett Black officer: Chief Compliance Officer 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
John M. Mccann officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r. other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Joanne Medero other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Db Municipal Holdings Llc 10 percent owner 1209 ORANGE STREET, CORPORATION TRUST CENTER, WILMINGTON DE 19801
Bank Ag\ Deutsche 10 percent owner TAUNUSANLAGE 12 D-60325, FRANKFURT AM MAIN 2M 00000
Matthew Iii Thornton other: Trustee 3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Deann Morgan officer: Vice President TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281
Jon Scott Meissner officer: Vice President 333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606

Nuveen Municipal Highome Opp Fund (Nuveen Municipal Highome Opp Fund) Headlines

From GuruFocus

Nuveen Municipal High Income Opp Fund's Dividend Analysis

By GuruFocus Research 10-11-2023