Nuveen Taxable Municipal Income Fund (NBB) to Issue Monthly Dividend of $0.10 on December 2nd

Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.0965 per share on Monday, December 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.25%. 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 Stock Down 0.5 %

Shares of Nuveen Taxable Municipal Income Fund stock traded down $0.08 during trading hours on Wednesday, reaching $15.97. 54,592 shares of the company were exchanged, compared to its average volume of 75,437. Nuveen Taxable Municipal Income Fund has a 1 year low of $14.52 and a 1 year high of $17.31. The stock’s fifty day moving average is $16.47 and its 200 day moving average is $15.90.

About Nuveen Taxable Municipal Income Fund

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.