Nuveen Taxable Municipal Income Fund Announces Monthly Dividend of $0.10 (NYSE:NBB)

Nuveen Taxable Municipal Income Fund (NYSE:NBB) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of 0.0965 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Thursday, January 15th.

Nuveen Taxable Municipal Income Fund Trading Down 0.1%

NYSE NBB opened at $16.00 on Tuesday. Nuveen Taxable Municipal Income Fund has a fifty-two week low of $14.52 and a fifty-two week high of $16.62. The stock has a 50 day simple moving average of $16.07 and a two-hundred day simple moving average of $16.02.

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.