Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.0965 per share on Thursday, August 1st. This represents a $1.16 annualized dividend and a dividend yield of 7.34%. The ex-dividend date is Monday, July 15th.
Nuveen Taxable Municipal Income Fund has raised its dividend by an average of 6.0% annually over the last three years.
Nuveen Taxable Municipal Income Fund Stock Up 0.3 %
Shares of NBB stock opened at $15.78 on Friday. Nuveen Taxable Municipal Income Fund has a 52-week low of $13.67 and a 52-week high of $16.28. The company has a 50-day simple moving average of $15.21 and a two-hundred day simple moving average of $15.37.
About Nuveen Taxable Municipal Income Fund
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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