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

Nuveen Taxable Municipal Income Fund (NYSE:NBB) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0965 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen Taxable Municipal Income Fund Trading Down 0.1%

Shares of NYSE:NBB opened at $15.76 on Thursday. Nuveen Taxable Municipal Income Fund has a 1 year low of $14.95 and a 1 year high of $16.62. The firm’s 50-day moving average is $15.73 and its two-hundred day moving average is $15.83.

Institutional Investors Weigh In On Nuveen Taxable Municipal Income Fund

Several large investors have recently added to or reduced their stakes in NBB. NewEdge Advisors LLC lifted its holdings in Nuveen Taxable Municipal Income Fund by 17.6% during the 1st quarter. NewEdge Advisors LLC now owns 20,271 shares of the company’s stock worth $317,000 after buying an additional 3,041 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Nuveen Taxable Municipal Income Fund by 3.1% in the first quarter. Bank of America Corp DE now owns 553,752 shares of the company’s stock worth $8,672,000 after acquiring an additional 16,767 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Nuveen Taxable Municipal Income Fund by 69.1% in the first quarter. Royal Bank of Canada now owns 41,391 shares of the company’s stock worth $648,000 after acquiring an additional 16,919 shares in the last quarter. First Trust Advisors LP increased its position in shares of Nuveen Taxable Municipal Income Fund by 10.5% during the first quarter. First Trust Advisors LP now owns 71,416 shares of the company’s stock worth $1,118,000 after acquiring an additional 6,778 shares during the period. Finally, Calamos Advisors LLC purchased a new stake in shares of Nuveen Taxable Municipal Income Fund during the first quarter worth $296,000.

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.