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

Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors 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 yield of 7.66%. The ex-dividend date is Wednesday, January 15th.

Nuveen Taxable Municipal Income Fund has raised its dividend payment by an average of 6.0% per year over the last three years.

Nuveen Taxable Municipal Income Fund Trading Up 0.5 %

NYSE:NBB traded up $0.07 on Friday, hitting $15.12. The stock had a trading volume of 73,426 shares, compared to its average volume of 86,863. The business’s 50-day simple moving average is $15.89 and its two-hundred day simple moving average is $16.10. Nuveen Taxable Municipal Income Fund has a 52-week low of $14.52 and a 52-week 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.