Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) declared a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be paid a dividend of 0.0965 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, May 15th.
Nuveen Taxable Municipal Income Fund Stock Down 0.5%
Shares of NYSE:NBB traded down $0.09 on Wednesday, reaching $15.88. 14,494 shares of the company traded hands, compared to its average volume of 57,629. The business’s 50-day simple moving average is $15.77 and its 200 day simple moving average is $15.97. Nuveen Taxable Municipal Income Fund has a 52 week low of $14.95 and a 52 week high of $16.62.
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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