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

Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.0965 per share on Monday, December 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date of this dividend is Friday, November 15th.

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

Nuveen Taxable Municipal Income Fund Price Performance

NBB stock traded up $0.10 during midday trading on Thursday, reaching $16.01. The company had a trading volume of 5,491 shares, compared to its average volume of 75,221. The firm has a 50-day moving average price of $16.46 and a 200-day moving average price of $15.91. 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.