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

Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.0965 per share on Monday, December 2nd. This represents a $1.16 annualized dividend and a dividend yield of 7.26%. The ex-dividend date is Friday, November 15th.

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

Nuveen Taxable Municipal Income Fund Stock Down 0.7 %

Shares of NYSE NBB traded down $0.11 during mid-day trading on Wednesday, hitting $15.94. 44,574 shares of the company’s stock traded hands, compared to its average volume of 75,411. The company’s 50-day moving average is $16.47 and its two-hundred day moving average is $15.90. Nuveen Taxable Municipal Income Fund has a 1 year low of $14.52 and a 1 year high of $17.31.

About Nuveen Taxable Municipal Income Fund

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.