Nuveen Taxable Municipal Income Fund (NYSE:NBB) Plans Monthly Dividend of $0.10

Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Thursday, August 1st, Zacks reports. Investors of record on Thursday, August 15th will be given a dividend of 0.097 per share on Tuesday, September 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date is Thursday, August 15th. This is a boost 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% annually over the last three years.

Nuveen Taxable Municipal Income Fund Price Performance

Nuveen Taxable Municipal Income Fund stock traded up $0.04 during mid-day trading on Wednesday, reaching $16.53. 2,798 shares of the company’s stock traded hands, compared to its average volume of 67,838. The stock has a 50 day moving average of $15.71 and a two-hundred day moving average of $15.41. Nuveen Taxable Municipal Income Fund has a 12-month low of $13.67 and a 12-month high of $16.62.

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.