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

Nuveen Taxable Municipal Income Fund (NYSE:NBB) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.0965 per share on Tuesday, April 1st. This represents a $1.16 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date of this dividend is Friday, March 14th.

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

Nuveen Taxable Municipal Income Fund Stock Up 0.4 %

Shares of NBB traded up $0.07 during midday trading on Wednesday, reaching $16.00. 8,275 shares of the stock were exchanged, compared to its average volume of 66,865. The stock’s 50 day simple moving average is $15.76 and its 200 day simple moving average is $16.06. Nuveen Taxable Municipal Income Fund has a twelve month low of $14.52 and a twelve month 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.