Nuveen Taxable Municipal Income Fund (NYSE:NBB) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Monday, April 15th will be paid a dividend of 0.103 per share on Wednesday, May 1st. This represents a $1.24 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend is Friday, April 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 opened at $20.64 on Thursday. Nuveen Taxable Municipal Income Fund has a 12 month low of $18.70 and a 12 month high of $20.94.

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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.

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