Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be given a dividend of 0.0965 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Friday, August 14th.
Nuveen Taxable Municipal Income Fund Stock Performance
NYSE NBB opened at $15.27 on Tuesday. Nuveen Taxable Municipal Income Fund has a twelve month low of $14.95 and a twelve month high of $16.62. The stock has a fifty day simple moving average of $15.58 and a 200 day simple moving average of $15.75.
About Nuveen Taxable Municipal Income Fund
The Nuveen Taxable Municipal Income Fund (NYSE:NBB) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. Established in 2008 and managed by Nuveen Asset Management LLC, the fund primarily invests in investment-grade municipal debt obligations. Its shares are traded on the New York Stock Exchange under the ticker symbol NBB.
NBB’s investment strategy focuses on taxable municipal securities, including pre-refunded and unrated obligations, issued by U.S.
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