Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) declared a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be paid a dividend of 0.0965 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, August 14th.
Nuveen Taxable Municipal Income Fund Stock Performance
Shares of NBB stock opened at $15.29 on Wednesday. Nuveen Taxable Municipal Income Fund has a fifty-two week low of $14.95 and a fifty-two week high of $16.62. The company has a 50 day moving average price of $15.57 and a 200 day moving average price of $15.75.
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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