Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Investors of record on Friday, September 13th will be given a dividend of 0.097 per share on Tuesday, October 1st. This represents a $1.16 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Thursday, September 12th.
Nuveen Taxable Municipal Income Fund has decreased its dividend by an average of 1.3% annually over the last three years.
Shares of NBB traded down $0.13 during midday trading on Thursday, hitting $22.62. 2,000 shares of the company traded hands, compared to its average volume of 93,930. The firm has a 50 day simple moving average of $21.86. Nuveen Taxable Municipal Income Fund has a 52 week low of $18.70 and a 52 week high of $22.98.
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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