Nuveen Taxable Municipal Income Fund (NBB) to Issue Monthly Dividend of $0.10 on August 3rd

Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.0965 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Wednesday, July 15th.

Nuveen Taxable Municipal Income Fund Stock Performance

Shares of NBB stock opened at $15.59 on Monday. The firm’s 50 day moving average price is $15.71 and its 200-day moving average price is $15.81. Nuveen Taxable Municipal Income Fund has a one year low of $14.95 and a one year high of $16.62.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NBB. Northwestern Mutual Wealth Management Co. grew its stake in shares of Nuveen Taxable Municipal Income Fund by 33.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,773 shares of the company’s stock valued at $75,000 after buying an additional 1,200 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Nuveen Taxable Municipal Income Fund during the 4th quarter valued at about $81,000. Fifth Third Bancorp purchased a new position in Nuveen Taxable Municipal Income Fund during the 1st quarter valued at about $82,000. NewEdge Advisors LLC boosted its holdings in Nuveen Taxable Municipal Income Fund by 12.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,629 shares of the company’s stock valued at $202,000 after acquiring an additional 1,438 shares during the period. Finally, Mayflower Financial Advisors LLC grew its position in Nuveen Taxable Municipal Income Fund by 58.0% in the 4th quarter. Mayflower Financial Advisors LLC now owns 16,594 shares of the company’s stock valued at $262,000 after acquiring an additional 6,094 shares in the last quarter.

Nuveen Taxable Municipal Income Fund Company Profile

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.