Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) declared a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.0965 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, June 15th.
Nuveen Taxable Municipal Income Fund Trading Down 0.0%
Nuveen Taxable Municipal Income Fund stock opened at $15.87 on Tuesday. The firm has a 50 day simple moving average of $15.73 and a 200-day simple moving average of $15.90. Nuveen Taxable Municipal Income Fund has a 12-month low of $14.95 and a 12-month 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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