Nuveen Taxable Municipal Income Fund (NBB) To Go Ex-Dividend on February 13th

Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Monday, February 2nd. Investors of record on Friday, February 13th will be paid a dividend of 0.0965 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Friday, February 13th.

Nuveen Taxable Municipal Income Fund Price Performance

NYSE NBB opened at $16.05 on Wednesday. The business has a fifty day simple moving average of $15.91 and a 200 day simple moving average of $16.05. Nuveen Taxable Municipal Income Fund has a 12 month low of $14.52 and a 12 month high of $16.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 worth $262,000 after purchasing an additional 6,094 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Nuveen Taxable Municipal Income Fund in the 4th quarter worth approximately $81,000. Raymond James Financial Inc. grew its holdings in shares of Nuveen Taxable Municipal Income Fund by 4.0% in the second quarter. Raymond James Financial Inc. now owns 1,038,710 shares of the company’s stock valued at $16,432,000 after acquiring an additional 39,505 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Nuveen Taxable Municipal Income Fund by 4.5% in the third quarter. M&T Bank Corp now owns 535,240 shares of the company’s stock valued at $8,681,000 after acquiring an additional 23,010 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Nuveen Taxable Municipal Income Fund by 4.2% during the third quarter. Bank of America Corp DE now owns 500,160 shares of the company’s stock valued at $8,113,000 after acquiring an additional 20,386 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.