Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Friday, March 13th will be given a dividend of 0.0965 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Friday, March 13th.
Nuveen Taxable Municipal Income Fund Trading Down 0.0%
NYSE NBB opened at $15.90 on Wednesday. Nuveen Taxable Municipal Income Fund has a 12-month low of $14.52 and a 12-month high of $16.62. The company has a 50 day moving average price of $16.00 and a two-hundred day moving average price of $16.10.
About Nuveen Taxable Municipal Income Fund
The Nuveen Taxable Municipal Income Fund (NYSE:NBB) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. Established in 2008 and managed by Nuveen Asset Management LLC, the fund primarily invests in investment-grade municipal debt obligations. Its shares are traded on the New York Stock Exchange under the ticker symbol NBB.
NBB’s investment strategy focuses on taxable municipal securities, including pre-refunded and unrated obligations, issued by U.S.
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