Nuveen Taxable Municipal Income Fund (NBB) To Go Ex-Dividend on August 14th
Nuveen Taxable Municipal Income Fund (NYSE:NBB) declared a monthly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.103 per share on Tuesday, September 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date of this dividend is Wednesday, August 14th.
Nuveen Taxable Municipal Income Fund has decreased its dividend payment by an average of 1.3% annually over the last three years.
Shares of NBB traded up $0.09 during mid-day trading on Monday, reaching $22.02. 2,491 shares of the company’s stock were exchanged, compared to its average volume of 94,173. The stock’s fifty day simple moving average is $21.28. Nuveen Taxable Municipal Income Fund has a 52-week low of $18.70 and a 52-week high of $22.15.
Nuveen Taxable Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.
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