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

Nuveen Taxable Municipal Income Fund (NYSE:NBB) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.0965 per share on Monday, February 3rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.66%. The ex-dividend date is Wednesday, January 15th.

Nuveen Taxable Municipal Income Fund has raised its dividend payment by an average of 6.0% per year over the last three years.

Nuveen Taxable Municipal Income Fund Trading Up 0.5 %

Shares of NYSE NBB traded up $0.07 during mid-day trading on Friday, reaching $15.12. 73,426 shares of the company were exchanged, compared to its average volume of 86,863. The firm has a 50-day moving average of $15.89 and a 200 day moving average of $16.10. Nuveen Taxable Municipal Income Fund has a 1 year low of $14.52 and a 1 year high of $17.31.

Nuveen Taxable Municipal Income Fund Company Profile

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.