Nuveen Taxable Municipal Income Fund to Issue Monthly Dividend of $0.10 (NYSE:NBB)

Nuveen Taxable Municipal Income Fund (NYSE:NBB) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.0965 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen Taxable Municipal Income Fund Stock Performance

Shares of NYSE NBB traded up $0.03 during trading on Tuesday, reaching $15.88. 2,809 shares of the company traded hands, compared to its average volume of 68,064. The firm has a 50 day simple moving average of $15.94 and a 200-day simple moving average of $16.03. Nuveen Taxable Municipal Income Fund has a 52-week low of $14.52 and a 52-week high of $16.62.

Hedge Funds Weigh In On Nuveen Taxable Municipal Income Fund

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its stake in shares of Nuveen Taxable Municipal Income Fund by 15.7% in the third quarter. Raymond James Financial Inc. now owns 1,201,681 shares of the company’s stock worth $19,491,000 after acquiring an additional 162,971 shares during the period. Eagle Bluffs Wealth Management LLC boosted its stake in Nuveen Taxable Municipal Income Fund by 9.2% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 815,129 shares of the company’s stock worth $13,297,000 after purchasing an additional 68,343 shares during the period. M&T Bank Corp grew its holdings in Nuveen Taxable Municipal Income Fund by 4.5% during the 3rd quarter. M&T Bank Corp now owns 535,240 shares of the company’s stock valued at $8,681,000 after buying an additional 23,010 shares in the last quarter. Bank of America Corp DE raised its position in shares of Nuveen Taxable Municipal Income Fund by 4.2% during the third quarter. Bank of America Corp DE now owns 500,160 shares of the company’s stock valued at $8,113,000 after buying an additional 20,386 shares during the last quarter. Finally, Gridiron Partners LLC lifted its holdings in shares of Nuveen Taxable Municipal Income Fund by 2,266.1% in the third quarter. Gridiron Partners LLC now owns 425,899 shares of the company’s stock worth $6,908,000 after buying an additional 407,899 shares in the last quarter.

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.