Nuveen Taxable Municipal Income Fund of Beneficial Interest

Symbol: NBB     Sector: Financial Services     Industry: Asset Management

Dividend Yield
Current Price
Info     Dividend Rate History     Dividend Yield History     Earnings     Financials     Rankings

Dividend Data

Dividend Yield:5.42%
Dividend per Share:$ 1.1478
Next Ex-Div Date:2019-06-13
Next Div Payout:$ 0.0957
Payment Schedule:Monthly-
Payout Ratio (ttm)n.a.
Ø 3yr Growth Rate-4.29 %-0.53%
Ø 5yr Growth Rate-3.75 %-

Stock Data

Type:Common Stock
Exchange:New York Stock Exchange
Current Price (*):$ 21.18
Week 52 high:$ 21.42
Week 52 low:$ 18.70
Marketcap$ 573,926,593
Return on Equity0.00 %
P/E Ratio high0.00
P/E Ratio low0.00

General Info

About: The Fund is a newly organized, diversified, closed-end management investment company. The Funds primary investment objective is to provide current income through investments in taxable municipal securities. As a secondary objective, the Fund will seek to enhance portfolio value and total return. The Fund seeks to achieve its investment objectives by investing primarily in a diversified portfolio of taxable municipal securities known as Build America Bonds. The Fund believes there could be an opportunity to capitalize on the developing market for Build America Bonds by investing in taxable municipal issues at attractive market yields relative to the yields on equivalently rated corporate bonds. Nuveen Asset Management will use its credit research driven investment process to assemble a diversified portfolio. In addition, the Fund will use an integrated leverage and hedging strategy that, in the advisors judgment, has the potential to enhance income and risk-adjusted total return over time. The Funds overall goal is to outperform over time the Barclays Capital Build America Bond Index, an unleveraged index representing the Build America Bond market, while maintaining a comparable overall level of interest rate risk.

Tags:  Asset Management    Financial Services