Nuveen Taxable Municipal Income Fund (NYSE:NBB) shares fell 1% on Wednesday . The company traded as low as $23.13 and last traded at $23.13, 111,300 shares changed hands during mid-day trading. An increase of 47% from the average session volume of 75,680 shares. The stock had previously closed at $23.37.
The business’s 50 day moving average price is $22.49 and its two-hundred day moving average price is $22.05.
The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 14th will be paid a $0.093 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.82%.
About Nuveen Taxable Municipal Income Fund (NYSE:NBB)
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.
See Also: Cost of Goods Sold (COGS)
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