SmarterDividends
NMCO

Nuveen Municipal Credit Opportunities Fund

NMCO

Financial Services · Stock · monthly payer

Forward Yield

7.69%

Annual Dividend

$0.82

Payout Ratio

4110%

5-Yr Growth

2.2%

Ex-Date

Jun 15, 2026

Frequency

Monthly

NMCO Dividend Safety Score

41/ 100
Grade D

Risky

Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage4110% of earnings paid out
Free-cash-flow coverage121% of free cash flow
Yield vs its historyYield in line with its history

SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.

Dividend Growth

Total dividends per share by year

Is NMCO a good dividend stock?

Higher risk

Nuveen Municipal Credit Opportunities Fund (NMCO) pays a monthly dividend yielding 7.69% ($0.82/yr), with 2 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

Advantages

    Risks

    • Cut its dividend in 2023
    • Elevated payout ratio (4110%)
    • Share price is down over the past 5 years
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    7.69%
    Payout Ratio
    4110%
    Annual Dividend
    $0.82
    5-Yr Avg Growth
    2.2%
    Ex-Dividend Date
    Jun 15, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.88
    Market Cap
    $592.1M
    P/E Ratio
    534.5
    5-Yr Total Return
    -31%
    52-Week Range
    $9.95 – $11.00
    Dividend Safety
    D · 41/100
    Ever Cut?
    Yes (2023)
    NMCO ex-dividend date & scheduleNext ex-date Jun 15, 2026 · full ex-dividend historyView →

    Frequently Asked Questions

    Income Calculator

    At $0.82 / yr per share

    Per payment (monthly)$6.83
    Annual$82.00
    Monthly avg$6.83