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

Nuveen Taxable Municipal Income Fund (NYSE:NBB) announced a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be given a dividend of $0.0965 per share on Tuesday, December 1st. This represents a $1.16 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen Taxable Municipal Income Fund Stock Up 1.0%

Shares of NYSE NBB opened at $14.72 on Tuesday. The firm’s 50-day moving average price is $14.63 and its 200-day moving average price is $15.44. Nuveen Taxable Municipal Income Fund has a 52-week low of $13.76 and a 52-week high of $16.62.

Nuveen Taxable Municipal Income Fund Company Profile

Nuveen Taxable Municipal Income Fund (NYSE:NBB) is a closed-end investment fund managed by Nuveen. The fund seeks to provide current income by investing primarily in taxable municipal securities issued by states, municipalities, public authorities and other governmental entities in the United States.

The portfolio may include Build America Bonds and other taxable municipal obligations, as well as securities issued to finance public infrastructure and essential services. Unlike traditional municipal bond funds, NBB focuses on taxable securities, which can provide exposure to the municipal debt market for investors whose circumstances make tax-exempt municipal income less suitable.

The fund invests across the U.S.