Nuveen Municipal Credit Opportunities/$NMCO
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About Nuveen Municipal Credit Opportunities
Nuveen Municipal Credit Opps Fund is a closed-end fund. The fund's objective is to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. It invests in high yielding, low-to medium-quality municipal securities and uses leverage.
Ticker
$NMCO
Sector
Primary listing
NYSE
Employees
-
Headquarters
NMCO Metrics
BasicAdvanced
$599M
39.48
$0.28
0.94
$0.82
7.52%
Price and volume
Market cap
$599M
Beta
0.94
52-week high
$11.32
52-week low
$9.69
Average daily volume
151K
Dividend rate
$0.82
Financial strength
Current ratio
4.984
Quick ratio
4.762
Long term debt to equity
72.513
Total debt to equity
72.513
Dividend payout ratio (TTM)
284.11%
Interest coverage (TTM)
2.49%
Profitability
Gross margin (TTM)
100.00%
Net profit margin (TTM)
26.43%
Operating margin (TTM)
80.18%
Effective tax rate (TTM)
0.44%
Management effectiveness
Return on assets (TTM)
2.66%
Return on equity (TTM)
2.46%
Valuation
Price to earnings (TTM)
39.482
Price to revenue (TTM)
10.436
Price to book
1
Price to tangible book (TTM)
1
Price to free cash flow (TTM)
9.808
Free cash flow yield (TTM)
10.20%
Free cash flow per share (TTM)
1.114
Dividend yield (TTM)
7.52%
Forward dividend yield
7.52%
Growth
Revenue change (TTM)
-2.62%
Earnings per share change (TTM)
98.42%
3-year revenue growth (CAGR)
-1.18%
3-year earnings per share growth (CAGR)
-35.42%
3-year dividend per share growth (CAGR)
2.60%
Bulls say / Bears say
The fund’s use of leverage through inverse floating rate securities and issuance of preferred shares was a top contributor to its 23.33% NAV total return over the 12 months ended October 31, 2024, outperforming the S&P Municipal Yield Index by 639 basis points (SEC N-CSR).
As of October 2, 2025, NMCO trades at a 0.55% premium to NAV, a significant swing from its one-year average discount of 4.58%, highlighting improved investor sentiment toward the fund’s strategy (CEF Connect).
NMCO’s current monthly distribution yields 7.54%, offering investors a competitive tax-exempt income stream supported by its leverage-enhanced credit strategy (CEF Connect).
NMCO’s effective leverage stood at 42.58% as of October 1, 2025, amplifying both upside and downside moves and making its NAV and market price particularly sensitive to market volatility (CEF Connect).
In the week ended September 29, 2025, U.S. municipal bond yields rose amid strong economic data, which may exert mark-to-market pressure on NMCO’s long-duration municipal portfolio (Nuveen Weekly Commentary).
As of October 31, 2024, 8.6% of NMCO’s net assets were invested in BB- or lower-rated bonds and 48.0% in unrated securities, exposing the fund to elevated credit and default risk in a stressed market (SEC N-CSR).
Data summarised monthly by Lightyear AI. Last updated on 2 Oct 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.
Capital at risk
Upcoming events
FAQs
What’s the current market cap for Nuveen Municipal Credit Opportunities stock?
Nuveen Municipal Credit Opportunities (NMCO) has a market cap of $599M as of October 14, 2025.
What is the P/E ratio for Nuveen Municipal Credit Opportunities stock?
The price to earnings (P/E) ratio for Nuveen Municipal Credit Opportunities (NMCO) stock is 39.48 as of October 14, 2025.
Does Nuveen Municipal Credit Opportunities stock pay dividends?
Yes, the Nuveen Municipal Credit Opportunities (NMCO) stock pays dividends to shareholders. As of October 14, 2025, the dividend rate is $0.822 and the yield is 7.52%. Nuveen Municipal Credit Opportunities has a payout ratio of 284.11% on a trailing twelve-month basis.
When is the next Nuveen Municipal Credit Opportunities dividend payment date?
The next Nuveen Municipal Credit Opportunities (NMCO) dividend payment is scheduled for November 03, 2025.
What is the beta indicator for Nuveen Municipal Credit Opportunities?
Nuveen Municipal Credit Opportunities (NMCO) has a beta rating of 0.94. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.