Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0965 per share on Monday, November 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Thursday, October 15th.
Nuveen Taxable Municipal Income Fund Stock Up 0.1%
Shares of NYSE NBB opened at $14.31 on Friday. The business has a 50-day moving average of $15.10 and a two-hundred day moving average of $15.47. Nuveen Taxable Municipal Income Fund has a 1 year low of $13.97 and a 1 year high of $16.62.
Hedge Funds Weigh In On Nuveen Taxable Municipal Income Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its holdings in Nuveen Taxable Municipal Income Fund by 10.8% during the second quarter. NewEdge Advisors LLC now owns 22,456 shares of the company’s stock worth $354,000 after purchasing an additional 2,185 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Nuveen Taxable Municipal Income Fund in the 2nd quarter valued at $56,000. Caitlin John LLC acquired a new position in shares of Nuveen Taxable Municipal Income Fund in the 2nd quarter valued at $118,000. Palogic Value Management L.P. acquired a new position in shares of Nuveen Taxable Municipal Income Fund in the 2nd quarter valued at $316,000. Finally, Van Hulzen Asset Management LLC purchased a new position in shares of Nuveen Taxable Municipal Income Fund in the 2nd quarter valued at $183,000.
About Nuveen Taxable Municipal Income Fund
Nuveen Taxable Municipal Income Fund (NYSE:NBB) is a closed-end investment fund managed by Nuveen Asset Management. The fund seeks to provide current income and, secondarily, capital appreciation by investing primarily in taxable municipal securities issued by state and local governments and related entities.
Its portfolio may include taxable municipal bonds such as Build America Bonds, private activity bonds and other municipal obligations whose interest is generally subject to U.S. federal income tax.
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