Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.0965 per share on Monday, February 3rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date of this dividend is Wednesday, January 15th.
Nuveen Taxable Municipal Income Fund has decreased its dividend payment by an average of 5.8% annually over the last three years.
Nuveen Taxable Municipal Income Fund Price Performance
Shares of NYSE NBB opened at $15.35 on Monday. The business has a 50 day simple moving average of $15.79 and a 200 day simple moving average of $16.10. Nuveen Taxable Municipal Income Fund has a 52 week low of $14.52 and a 52 week high of $17.31.
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.
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