SmarterDividends
NMCO

Nuveen Municipal Credit Opportunities Fund (NMCO) Dividend

Nuveen Municipal Credit Opportunities Fund · Financial Services · Asset Management · monthly payer

$9.03

Fairly valued · +6% Add to Portfolio

As of Nov 8, 2026, Nuveen Municipal Credit Opportunities Fund (NMCO) pays a monthly dividend of $0.0690 per share, or $0.82 a year, a 9.10% yield at its $9.03 share price. It pays every month. It has raised its dividend 2 years in a row and has a dividend safety grade of D.

Forward Yield

9.10%

Annual Dividend

$0.82

Payout Ratio

169%

5-Yr Growth

2.7%

Ex-Date

Oct 1, 2026

Frequency

Monthly

Key facts about NMCO's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, Nuveen Municipal Credit Opportunities Fund (NMCO) has a forward dividend yield of 9.10%, based on an annual dividend of $0.82 per share and a share price of $9.03.
  • As of Nov 8, 2026, NMCO's dividend safety grade from SmarterDividends is D (45 out of 100), which rates the dividend as unsafe.
  • By SmarterDividends' count, Nuveen Municipal Credit Opportunities Fund (NMCO) has raised its dividend for 2 consecutive years as of Nov 8, 2026.
  • NMCO last cut its regular dividend in 2023.
  • NMCO's most recent ex-dividend date was Oct 1, 2026, for a dividend of $0.0690 per share.
  • As of Nov 8, 2026, NMCO pays out 169% of its trailing 12-month earnings as dividends (its payout ratio).
  • NMCO's dividend has grown at an average rate of 2.7% a year over the past five years.
  • As of Nov 8, 2026, NMCO's 9.10% yield is 48% above its five-year average yield of 6.17%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for NMCO is $9.57 per share, 6% above the $9.03 share price, so NMCO screens as fairly valued.
  • Nuveen Municipal Credit Opportunities Fund (NMCO) pays its dividend monthly, 12 times a year.
  • Nuveen Municipal Credit Opportunities Fund (NMCO) has raised its regular dividend 3 times and cut it 5 times across the 84 payments on record since 2019. Its most recent change was a 38.0% increase to $0.0690 per share, going ex-dividend on Jun 14, 2024. The last cut went ex-dividend on Oct 12, 2023.
Cite this page

SmarterDividends, "NMCO Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/NMCO

Is NMCO a good dividend stock?

Mixed

Nuveen Municipal Credit Opportunities Fund (NMCO) pays a monthly dividend yielding 9.10% ($0.82/yr), with 2 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2023
    • Elevated payout ratio (169%)
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    9.10%
    Payout Ratio
    169%
    Annual Dividend
    $0.82
    5-Yr Avg Growth
    2.7%
    Ex-Dividend Date
    Oct 1, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.92
    Market Cap
    $538.1M
    P/E Ratio
    19.2
    5-Yr Total Return
    -42%
    52-Week Range
    $8.33 – $11.00
    Dividend Safety
    D · 45/100
    Ever Cut?
    Yes (2023)

    NMCO dividend raises and cuts

    Nuveen Municipal Credit Opportunities Fund (NMCO) has raised its regular dividend 3 times and cut it 5 times across the 84 payments on record since 2019. Its most recent change was a 38.0% increase to $0.0690 per share, going ex-dividend on Jun 14, 2024. The last cut went ex-dividend on Oct 12, 2023.

    Ex-dateChangeOld → newMove
    Jun 14, 2024Raise$0.0500 → $0.0690+38.0%
    Mar 14, 2024Raise$0.0460 → $0.0500+8.7%
    Oct 12, 2023Cut$0.0500 → $0.0460−8.0%
    Apr 13, 2023Cut$0.0530 → $0.0500−5.7%
    Jan 12, 2023Cut$0.0580 → $0.0530−8.6%
    Oct 13, 2022Cut$0.0620 → $0.0580−6.5%
    Jul 14, 2020Raise$0.0530 → $0.0620+17.0%
    Apr 14, 2020Cut$0.0640 → $0.0530−17.2%
    Every NMCO payment →Download every raise and cut (CSV)
    NMCO ex-dividend date & scheduleNext ex-date Oct 1, 2026 · full ex-dividend historyView →NMCO dividend historyEvery payment, totals by year, raises and cutsView →NMCO dividend calculator100 shares pay $82.00 a year, $6.83 each monthCalculate →NMCO total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is NMCO a good dividend stock?

    Mixed. Nuveen Municipal Credit Opportunities Fund (NMCO) pays a monthly dividend yielding 9.10% ($0.82/yr), with 2 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is NMCO undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NMCO's fair value is about $9.57 versus a $9.03 share price — so it looks fairly valued (+6% vs. fair value).

    Is NMCO's dividend safe?

    NMCO has a dividend-safety grade of D (45/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is NMCO's fair value?

    Our blended fair-value estimate for NMCO is about $9.57 per share, roughly 6% above the current $9.03 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is NMCO a buy, hold, or sell?

    We don't issue formal ratings, but on the data NMCO screens as "mixed" and fairly valued. Nuveen Municipal Credit Opportunities Fund (NMCO) pays a monthly dividend yielding 9.10% ($0.82/yr), with 2 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will NMCO cut its dividend?

    NMCO earns a dividend-safety grade of D (45/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does NMCO pay a dividend?

    Yes. Nuveen Municipal Credit Opportunities Fund pays a monthly dividend of about $0.82 per share annually, a forward yield of roughly 9.10%.

    How much dividend does 100 shares of NMCO pay?

    At $0.82 per share a year, 100 shares of NMCO pay $82.00 a year in dividends before tax, about $6.83 each month. Buying them costs about $903 at the Nov 8, 2026 price.

    What is NMCO's dividend yield?

    As of Nov 8, 2026, NMCO's forward dividend yield is 9.10%, based on a $0.82 annual dividend and a $9.03 share price.

    What is NMCO's dividend per share?

    As of Nov 8, 2026, NMCO pays $0.82 per share per year, distributed on a monthly basis.

    What is NMCO's dividend payout ratio?

    As of Nov 8, 2026, NMCO's payout ratio is 169% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has NMCO grown its dividend?

    As of Nov 8, 2026, NMCO has increased its dividend for 2 consecutive years.

    When is the next NMCO ex-dividend date?

    As of Nov 8, 2026, NMCO's next ex-dividend date hasn't been announced. The most recent was Oct 1, 2026, for $0.0690 per share.

    Income Calculator

    At $0.82 / yr per share

    Per payment (monthly)$6.83
    Annual$82.00
    Monthly avg$6.83
    Full NMCO dividend calculator →

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