Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) announced a monthly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be given a dividend of 0.0965 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, March 13th.
Nuveen Taxable Municipal Income Fund Stock Down 0.2%
NYSE NBB traded down $0.04 during trading hours on Wednesday, hitting $16.15. The company had a trading volume of 8,638 shares, compared to its average volume of 63,590. Nuveen Taxable Municipal Income Fund has a 52 week low of $14.52 and a 52 week high of $16.62. The firm has a 50 day simple moving average of $15.98 and a 200 day simple moving average of $16.09.
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.
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