Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) declared a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.0965 per share on Tuesday, December 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Friday, November 13th.
Nuveen Taxable Municipal Income Fund Stock Up 1.0%
Shares of NBB opened at $14.72 on Tuesday. Nuveen Taxable Municipal Income Fund has a 1 year low of $13.76 and a 1 year high of $16.62. The company has a 50 day simple moving average of $14.63 and a two-hundred day simple moving average of $15.44.
About Nuveen Taxable Municipal Income Fund
Nuveen Taxable Municipal Income Fund (NYSE:NBB) is a closed-end investment fund managed by Nuveen. The fund seeks to provide current income by investing primarily in taxable municipal securities issued by states, municipalities, public authorities and other governmental entities in the United States.
The portfolio may include Build America Bonds and other taxable municipal obligations, as well as securities issued to finance public infrastructure and essential services. Unlike traditional municipal bond funds, NBB focuses on taxable securities, which can provide exposure to the municipal debt market for investors whose circumstances make tax-exempt municipal income less suitable.
The fund invests across the U.S.
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