Nuveen Taxable Municipal Income Fund (NBB) to Issue Monthly Dividend of $0.10 on December 1st

Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Monday, November 2nd. Shareholders 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 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen Taxable Municipal Income Fund Price Performance

Shares of NBB stock opened at $14.62 on Wednesday. The stock’s 50-day simple moving average is $14.62 and its 200-day simple moving average is $15.44. Nuveen Taxable Municipal Income Fund has a fifty-two week low of $13.76 and a fifty-two week high of $16.57.

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.