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

Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be paid a dividend of 0.0965 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Friday, August 14th.

Nuveen Taxable Municipal Income Fund Stock Performance

NYSE:NBB opened at $15.46 on Wednesday. The company’s 50-day moving average price is $15.52 and its two-hundred day moving average price is $15.73. Nuveen Taxable Municipal Income Fund has a 12 month low of $14.95 and a 12 month high of $16.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NBB. Advisory Services Network LLC raised its position in shares of Nuveen Taxable Municipal Income Fund by 2.0% in the 4th quarter. Advisory Services Network LLC now owns 38,550 shares of the company’s stock valued at $609,000 after acquiring an additional 750 shares during the period. NewEdge Advisors LLC boosted its position in shares of Nuveen Taxable Municipal Income Fund by 6.4% during the third quarter. NewEdge Advisors LLC now owns 16,050 shares of the company’s stock worth $260,000 after purchasing an additional 961 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Nuveen Taxable Municipal Income Fund by 0.7% in the 2nd quarter. Baird Financial Group Inc. now owns 153,486 shares of the company’s stock valued at $2,428,000 after buying an additional 1,005 shares in the last quarter. Bruce G. Allen Investments LLC lifted its holdings in Nuveen Taxable Municipal Income Fund by 1.9% during the fourth quarter. Bruce G. Allen Investments LLC now owns 57,867 shares of the company’s stock worth $914,000 after acquiring an additional 1,102 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management lifted its holdings in Nuveen Taxable Municipal Income Fund by 4.3% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 27,429 shares of the company’s stock worth $433,000 after acquiring an additional 1,122 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.