Nuveen Taxable Municipal Income Fund (NYSE:NBB – Get Free Report) announced a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.0965 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Friday, May 15th.
Nuveen Taxable Municipal Income Fund Stock Performance
NBB traded down $0.09 on Wednesday, hitting $15.88. The company had a trading volume of 14,494 shares, compared to its average volume of 57,629. Nuveen Taxable Municipal Income Fund has a 52-week low of $14.95 and a 52-week high of $16.62. The stock has a fifty day simple moving average of $15.77 and a 200-day simple moving average of $15.97.
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.
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