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In a challenging economic climate, Nuveen Missouri Premium Income Municipal Fund (NOM) stock has reached its 52-week low, dipping to $9.78. The fund, with a market capitalization of $23.3 million, currently offers an attractive dividend yield of 8.17% and has maintained dividend payments for 33 consecutive years, according to InvestingPro data. This price level reflects the ongoing volatility in the municipal bond market, as investors weigh the implications of fiscal policy and interest rate changes. With a beta of 0.41 and year-to-date return of -15.82%, NOM has shown mixed performance. This performance trend underscores the cautious approach of investors as they navigate the complexities of the fixed-income landscape, balancing the search for yield with the need for stability in uncertain times. InvestingPro subscribers can access 4 additional key insights about NOM's financial health and market position.
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