Nuveen Taxable Municipal Income Fund (NYSE:NBB) Announces Monthly Dividend of $0.11

Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Monday, January 3rd, Zacks reports. Stockholders of record on Friday, January 14th will be paid a dividend of 0.108 per share on Tuesday, February 1st. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend is Thursday, January 13th.

Nuveen Taxable Municipal Income Fund has raised its dividend by 1.0% over the last three years and has increased its dividend every year for the last 2 years.

NYSE:NBB opened at $22.49 on Wednesday. The firm’s fifty day moving average is $22.59. Nuveen Taxable Municipal Income Fund has a one year low of $21.52 and a one year high of $24.13.

An institutional investor recently raised its position in Nuveen Taxable Municipal Income Fund stock. Morgan Stanley raised its holdings in shares of Nuveen Taxable Municipal Income Fund (NYSE:NBB) by 11.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 679,795 shares of the company’s stock after purchasing an additional 70,552 shares during the period. Morgan Stanley’s holdings in Nuveen Taxable Municipal Income Fund were worth $15,907,000 as of its most recent filing with the Securities and Exchange Commission.

About Nuveen Taxable Municipal Income Fund

Nuveen Taxable Municipal Income Fund engages in the investment in taxable municipal securities. It also seeks enhanced portfolio value and total return. The company was founded on 2009 and is headquartered in Chicago, IL.

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Dividend History for Nuveen Taxable Municipal Income Fund (NYSE:NBB)

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