Nuveen Taxable Municipal Income Fund (NBB) to Issue Monthly Dividend of $0.10 on July 1st

Nuveen Taxable Municipal Income Fund (NYSE:NBB) declared a monthly dividend on Monday, June 3rd, Zacks reports. Investors of record on Friday, June 14th will be given a dividend of 0.097 per share on Monday, July 1st. This represents a $1.16 annualized dividend and a yield of 7.62%. The ex-dividend date is Friday, June 14th. This is a positive change from Nuveen Taxable Municipal Income Fund’s previous monthly dividend of $0.07.

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

Nuveen Taxable Municipal Income Fund Price Performance

Nuveen Taxable Municipal Income Fund stock traded up $0.02 during trading on Wednesday, hitting $15.28. The stock had a trading volume of 13,912 shares, compared to its average volume of 72,023. Nuveen Taxable Municipal Income Fund has a 1 year low of $13.67 and a 1 year high of $16.28. The stock’s 50 day moving average is $14.91 and its two-hundred day moving average is $15.37.

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.