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

Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Monday, February 2nd. Investors of record on Friday, February 13th will be given a dividend of 0.0965 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Friday, February 13th.

Nuveen Taxable Municipal Income Fund Price Performance

NYSE:NBB traded down $0.07 during trading hours on Tuesday, hitting $15.78. 6,814 shares of the company traded hands, compared to its average volume of 68,150. The firm’s 50-day simple moving average is $15.94 and its 200-day simple moving average is $16.03. Nuveen Taxable Municipal Income Fund has a one year low of $14.52 and a one year high of $16.62.

Hedge Funds Weigh In On Nuveen Taxable Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its position in Nuveen Taxable Municipal Income Fund by 12.8% in the first quarter. NewEdge Advisors LLC now owns 12,629 shares of the company’s stock worth $202,000 after acquiring an additional 1,438 shares during the period. Delta Financial Advisors LLC bought a new position in shares of Nuveen Taxable Municipal Income Fund in the third quarter worth $224,000. Mayflower Financial Advisors LLC grew its holdings in Nuveen Taxable Municipal Income Fund by 58.0% during the 4th quarter. Mayflower Financial Advisors LLC now owns 16,594 shares of the company’s stock valued at $262,000 after buying an additional 6,094 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Nuveen Taxable Municipal Income Fund by 47.9% in the third quarter. Concurrent Investment Advisors LLC now owns 17,547 shares of the company’s stock worth $285,000 after purchasing an additional 5,685 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in Nuveen Taxable Municipal Income Fund by 7.2% during the first quarter. Integrated Wealth Concepts LLC now owns 17,951 shares of the company’s stock valued at $288,000 after purchasing an additional 1,203 shares during the last quarter.

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.