NYSE · Asset Management · USD

Nuveen Municipal High Income Opportunity Fund (NMZ) Stock Analysis

Nuveen Municipal High Income Opportunity Fund (NMZ) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

NMZ

$8.98

−$0.03 (−0.33%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NMZ Key Statistics

As of Oct 21, 2026

Trading

Open: $9.03
Previous Close: $9.01
Day's Range: 8.91–9.04
52-Week Range: 8.69–10.77
Volume: 1.27M
Beta: 0.73

Valuation

Market Cap: $1.93B
P/E Ratio: 14.97
P/S ratio: 17.51
EPS (ttm): 0.60

Financials (FY)

Revenue (FY): $27.14M−89.57%
Net Income (FY): $26.23M−89.86%
Profit margin: 69.26%
Shares Outstanding: 215.37M
1-Year Return: −10.67%

Dividend and dates

Dividend: $0.79+8.72%
Ex-Dividend Date: September 15, 2026
Avg Volume: 1.08M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NMZ closed at $8.98, −10.67% over 1 year.

Nuveen Municipal High Income Opportunity Fund (NMZ) has a market capitalization of $1.93B.

In fiscal 2025, NMZ reported revenue of $27.14M.

NMZ Stock Return by Calendar Year

Nuveen Municipal High Income Opportunity Fund (NMZ) 10-year return: what $10,000 became

1 year: $10,000 $8,933; −10.67%
5 years: $10,000 $8,397; −16.03%
10 years: $10,000 $11,739; +17.39%

If you had invested $10,000 in Nuveen Municipal High Income Opportunity Fund (NMZ) 10 years ago, at the close on October 21, 2016, it would have been worth $11,739 at the close on October 21, 2026: +17.39% in total, +1.62% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+28.41%−27.35%−7.87%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−7.87%
2025	+1.61%
2024	+16.58%
2023	+0.75%
2022	−27.35%
2021	+10.41%
2020	+7.34%
2019	+28.41%
2018	−9.46%
2017	+12.91%
2016 (partial year)	−13.07%

As of October 21, 2026.

NMZ Revenue and Earnings by Fiscal Year

FY ends October

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$27.14M	$26.23M	96.7%
2024	$260.20M	$258.79M	99.5%
2023	$8.56M	$7.26M	84.8%
2022	−$397.67M	−$398.52M	100.2%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$27.14M	—	—	$26.23M	96.7%
2024	$260.20M	—	—	$258.79M	99.5%
2023	$8.56M	—	—	$7.26M	84.8%
2022	−$397.67M	—	—	−$398.52M	100.2%

Annual figures as reported, in the company's reporting currency. As of October 31, 2025.

NMZ Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.79+14.5% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.59	9	—
2025	$0.79	12	+14.5%
2024	$0.69	12	+27.4%
2023	$0.54	12	−25.5%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.59	9	—
2025	$0.79	12	+14.5%
2024	$0.69	12	+27.4%
2023	$0.54	12	−25.5%
2022	$0.73	12	−5.4%
2021	$0.77	12	+4.8%
2020	$0.74	12	+3.1%
2019	$0.71	12	−0.6%
2018	$0.72	12	−11.7%
2017	$0.81	12	+468.5%
2016	$0.14	2	—

Most recent payment: $0.07 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NMZ Valuation vs Asset Management Median

Median of 512 stocks

Metric	NMZ	Asset Management median	vs median
P/E	14.97	9.44	59% above
P/S ratio	17.51	8.59	104% above
Profit margin	69.26%	74.97%	5.7 pts below

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Nuveen Municipal High Income Opportunity Fund (NMZ) carries a market capitalisation of $1.93B. It is classified in the Asset Management industry, within the Financial Services sector.

Over the past 52 weeks the price has ranged from $8.69 to $10.77. The most recent close on file for NMZ is $8.98, dated October 21, 2026. That is −$0.03 (−0.33%) against the previous close. The latest close sits 3.34% above that 52-week low.

Financial Health

In fiscal 2025, Nuveen Municipal High Income Opportunity Fund reported revenue of $27.14M. That is −89.57% against the prior fiscal year, when revenue was $260.20M. Net income for the same year was $26.23M. That is −89.86% against the prior fiscal year. The reported profit margin is 69.26%. That is 5.7 percentage points below the Asset Management median of 74.97%. Trailing earnings per share are 0.6.

Across the 4 fiscal years on file, revenue moves from −$397.67M in 2022 to $27.14M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 14.97 times earnings. That is 58.58% above the Asset Management median of 9.44. Measured against sales, the shares trade at 17.51 times revenue. On price-to-sales that is 103.8% above the Asset Management median of 8.59. The medians here are taken across 512 Asset Management companies that report the metric.

The reported beta is 0.73. Daily returns over the trailing 10 years annualize to a volatility of 14.81%. Over the trailing twelve months the total return is −10.67%. Across 10 years the annualized return works out at +1.62%.

Growth & Income

NMZ pays a dividend yielding 8.72%. That is 0.2 percentage points below the Asset Management median yield of 8.91%. The indicated annual rate is $0.79 a share. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 11 calendar years; 2026 shows 9 payments totalling $0.59 a share. The year before, 2025, totalled $0.79 a share.

Across the complete calendar years on file, 2019 returned +28.41% and 2022 returned −27.35%. Of the 9 complete calendar years on file, 7 finished higher. So far in 2026 the total return is −7.87%.

Peer Comparison

Nuveen Municipal High Income Opportunity Fund (NMZ) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Nuveen Municipal High Income Opportunity Fund	NMZ	$1.93B	15.0
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. Nuveen Municipal High Income Opportunity Fund trades at a P/E of 15.0.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities. The fund was formerly known as Nuveen Municipal High Yield Opportunity Fund. Nuveen Municipal High Income Opportunity Fund was founded in November 19, 2003 and is based in the United States.

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