Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.097 per share on Friday, November 1st. This represents a $1.16 annualized dividend and a dividend yield of 7.00%. The ex-dividend date is Tuesday, October 15th. This is a positive change from Nuveen Taxable Municipal Income Fund’s previous monthly dividend of $0.10.
Nuveen Taxable Municipal Income Fund has raised its dividend by an average of 6.0% per year over the last three years.
Nuveen Taxable Municipal Income Fund Trading Down 0.6 %
Shares of NBB opened at $16.63 on Thursday. The stock has a 50 day moving average price of $16.58 and a 200 day moving average price of $15.66. Nuveen Taxable Municipal Income Fund has a one year low of $13.67 and a one year high of $17.31.
Nuveen Taxable Municipal Income Fund Company Profile
Nuveen Taxable Municipal Income Fund is a closed ended 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 also invests some portion of its portfolio in derivative instruments.
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