Nuveen Taxable Municipal Income Fund Announces Monthly Dividend of $0.07 (NYSE:NBB)

Nuveen Taxable Municipal Income Fund (NYSE:NBB) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.073 per share on Monday, June 3rd. This represents a $0.88 annualized dividend and a yield of 5.90%. The ex-dividend date is Tuesday, May 14th.

Nuveen Taxable Municipal Income Fund has raised its dividend by an average of 6.0% per year over the last three years.

Nuveen Taxable Municipal Income Fund Price Performance

Nuveen Taxable Municipal Income Fund stock traded up $0.12 during mid-day trading on Friday, hitting $14.86. The stock had a trading volume of 67,273 shares, compared to its average volume of 68,523. The stock has a 50-day simple moving average of $15.15 and a two-hundred day simple moving average of $15.27. Nuveen Taxable Municipal Income Fund has a 12 month low of $13.67 and a 12 month high of $16.39.

About Nuveen Taxable Municipal Income Fund

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.