Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.0965 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, September 15th.
Nuveen Taxable Municipal Income Fund Price Performance
NBB stock opened at $15.25 on Wednesday. The company’s 50-day moving average is $15.44 and its 200-day moving average is $15.68. Nuveen Taxable Municipal Income Fund has a 1 year low of $14.95 and a 1 year 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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