Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.0965 per share on Thursday, May 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date of this dividend is Tuesday, April 15th.
Nuveen Taxable Municipal Income Fund has decreased its dividend by an average of 6.0% per year over the last three years.
Nuveen Taxable Municipal Income Fund Stock Performance
NYSE:NBB opened at $15.74 on Friday. Nuveen Taxable Municipal Income Fund has a 52 week low of $14.52 and a 52 week high of $17.31. The stock’s 50-day moving average price is $15.97 and its 200-day moving average price is $15.96.
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.
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