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

by · The Cerbat Gem

Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) announced a monthly dividend on Monday, December 1st. Shareholders of record on Monday, December 15th will be paid a dividend of 0.0965 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Monday, December 15th.

Nuveen Taxable Municipal Income Fund Trading Down 0.8%

Shares of NBB stock traded down $0.13 during trading hours on Tuesday, hitting $16.18. 6,255 shares of the company’s stock were exchanged, compared to its average volume of 60,050. Nuveen Taxable Municipal Income Fund has a 12-month low of $14.52 and a 12-month high of $16.63. The business’s 50 day simple moving average is $16.28 and its 200-day simple moving average is $15.92.

About Nuveen Taxable Municipal Income Fund

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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.

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