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

Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.0965 per share on Thursday, May 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date of this dividend is Tuesday, April 15th.

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 Trading Down 0.1 %

NYSE NBB traded down $0.01 during trading hours on Thursday, reaching $16.06. 53,793 shares of the stock traded hands, compared to its average volume of 78,413. The stock has a 50 day simple moving average of $15.95 and a two-hundred day simple moving average of $15.97. Nuveen Taxable Municipal Income Fund has a 1 year low of $14.52 and a 1 year high of $17.31.

Nuveen Taxable Municipal Income Fund Company Profile

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.