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

Nuveen Taxable Municipal Income Fund (NYSE:NBB) declared a monthly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be paid a dividend of 0.0965 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Monday, June 15th.

Nuveen Taxable Municipal Income Fund Price Performance

Shares of NYSE NBB opened at $15.79 on Wednesday. The business has a fifty day moving average of $15.73 and a two-hundred day moving average of $15.90. Nuveen Taxable Municipal Income Fund has a 52-week low of $14.95 and a 52-week high of $16.62.

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.