Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of 0.0965 per share on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Thursday, January 15th.
Nuveen Taxable Municipal Income Fund Stock Performance
Shares of NYSE:NBB traded up $0.03 during midday trading on Tuesday, reaching $16.05. The company’s stock had a trading volume of 1,528 shares, compared to its average volume of 41,843. The business’s fifty day simple moving average is $16.07 and its 200-day simple moving average is $16.02. Nuveen Taxable Municipal Income Fund has a fifty-two week low of $14.52 and a fifty-two week high of $16.62.
Nuveen Taxable Municipal Income Fund Company Profile
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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