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Nuveen Taxable Municipal Income Fund (NBB)

Financial Services | Asset Management | Chicago, United States | NYSE
14.07 USD +0.26 (1.857%) ⇧ (Oct. 15, 2026, 4 p.m. EDT)
Short-term:★★☆☆☆Long-term:★⯪☆☆☆Dividends:★★☆☆☆
Hot Take ↕ | Oct. 10, 2026, 4:30 a.m. EDT

The immediate outlook is bearish due to a confluence of deteriorating technicals and a fundamentally broken payout structure. Price momentum is clearly negative, with the share price trading significantly below both its 50-day and 200-day averages, indicating a sustained downtrend rather than a temporary pullback. This weakness is compounded by a severe valuation disconnect: the payout ratio exceeds 124%, meaning the fund is distributing more cash than it earns in earnings, which is unsustainable for a taxable municipal income vehicle and signals potential capital erosion. While the headline yield of 8.2% appears attractive, it is a trap built on this unsustainably high distribution; the business cannot generate enough taxable income to cover these payments without depleting its principal. Consequently, the long-term investment case is weak, as the asset has suffered a cumulative loss of over 26% over the last nine years and recently posted another year of negative performance, confirming a structural decline in value rather than a cyclical dip.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.019974
AutoARIMA0.019996
AutoETS0.019996
MSTL0.020102

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 52%
H-stat 42.04
Ljung-Box p 0.000
Jarque-Bera p 0.002
Excess Kurtosis 0.41
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-09-14
Last Dividend Date 2026-10-14
Market Cap 413,584,160
Trailing P/E 15.13
Website https://www.nuveen.com/CEF/FundDetail.aspx?FundCode=NBB

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.69% 8.08% 8.11% 7.35%
Dividend History
Date Dividend Yield %
2026-10-15 0.097 0.689410
2026-09-15 0.097 0.660763
2026-08-14 0.097 0.627832
2026-07-15 0.097 0.625000
2026-06-15 0.097 0.620205
2026-05-15 0.097 0.621795
2026-04-15 0.097 0.611216
2026-03-13 0.097 0.629461
2026-02-13 0.097 0.596923
2026-01-15 0.097 0.604361
2025-12-15 0.097 0.605115
2025-11-14 0.097 0.595823
2025-10-15 0.097 0.596556
2025-09-15 0.097 0.601737
2025-08-15 0.097 0.617048
2025-07-15 0.097 0.625000
2025-06-13 0.097 0.624598
2025-05-15 0.097 0.636483
2025-04-15 0.097 0.638158
2025-03-14 0.097 0.613148
2025-02-14 0.097 0.607389
2025-01-15 0.097 0.632746
2024-12-13 0.097 0.603234
2024-11-15 0.097 0.616656
2024-10-15 0.097 0.598765
2024-09-13 0.097 0.566589
2024-08-15 0.097 0.591103
2024-07-15 0.097 0.615482
2024-06-14 0.097 0.630689
2024-05-14 0.074 0.498989
2024-04-12 0.074 0.498652
2024-03-14 0.074 0.483976
2024-02-14 0.074 0.472843
2024-01-11 0.074 0.465116
2023-12-26 0.482 3.091725
2023-12-14 0.074 0.471038
2023-11-14 0.068 0.456682
2023-10-12 0.068 0.478536
2023-09-14 0.068 0.453636
2023-08-14 0.068 0.446487
2023-07-13 0.068 0.432845
2023-06-14 0.068 0.441558
2023-05-12 0.068 0.425266
2023-04-13 0.068 0.415140
2023-03-14 0.072 0.455120
2023-02-14 0.072 0.436364
2023-01-12 0.072 0.429338
2022-12-14 0.093 0.578718
2022-11-14 0.093 0.591980
2022-10-13 0.093 0.613052
2022-09-14 0.109 0.627519
2022-08-12 0.109 0.595954
2022-07-14 0.109 0.596280
2022-06-14 0.109 0.650358
2022-05-12 0.109 0.618966
2022-04-13 0.109 0.570382
2022-03-14 0.109 0.575502
2022-02-14 0.109 0.547464
2022-01-13 0.109 0.487478
2021-12-14 0.109 0.483585
2021-11-12 0.109 0.476190
2021-10-14 0.109 0.480176
2021-09-14 0.109 0.465216
2021-08-12 0.109 0.468414
2021-07-14 0.109 0.464423
2021-06-14 0.100 0.433463
2021-05-13 0.100 0.444050
2021-04-14 0.100 0.444840
2021-03-12 0.100 0.449035
2021-02-11 0.100 0.430663
2021-01-14 0.100 0.419287
2020-12-14 0.093 0.398458
2020-11-12 0.093 0.424077
2020-10-14 0.093 0.418165
2020-09-14 0.093 0.411322
2020-08-13 0.093 0.417040
2020-07-14 0.093 0.425240
2020-06-12 0.093 0.431755
2020-05-14 0.093 0.473282
2020-04-14 0.093 0.475703
2020-03-12 0.093 0.479629
2020-02-13 0.093 0.413701
2020-01-14 0.093 0.420624
2019-12-12 0.093 0.431154
2019-11-14 0.098 0.455814
2019-10-11 0.098 0.447284
2019-09-12 0.098 0.444848
2019-08-14 0.103 0.470105
2019-07-12 0.103 0.486538
2019-06-13 0.103 0.490476
2019-05-14 0.103 0.492823
2019-04-12 0.103 0.500729
2019-03-14 0.103 0.519677
2019-02-14 0.103 0.516032
2019-01-14 0.103 0.520728
2018-12-13 0.103 0.538985
2018-11-28 0.071 0.377459
2018-11-15 0.032 0.168776
2018-10-12 0.103 0.527934
2018-09-13 0.103 0.504655
2018-08-14 0.103 0.503421
2018-07-12 0.103 0.503421
2018-06-14 0.103 0.509649
2018-05-14 0.103 0.506391
2018-04-12 0.103 0.496625
2018-03-14 0.103 0.501705
2018-02-14 0.103 0.493531
2018-01-11 0.103 0.481084
2017-12-14 0.103 0.471612
2017-11-14 0.103 0.475531
2017-10-12 0.103 0.473781
2017-09-14 0.103 0.474436
2017-08-11 0.103 0.484250
2017-07-12 0.103 0.489776
2017-06-13 0.103 0.493059
2017-05-11 0.103 0.497344
2017-04-11 0.103 0.497344
2017-03-13 0.103 0.512183
2017-02-13 0.103 0.497104
2017-01-11 0.103 0.500729
2016-12-13 0.103 0.510154
2016-11-10 0.108 0.536246
2016-10-12 0.108 0.500928
2016-09-13 0.108 0.494959
2016-08-11 0.108 0.471410
2016-07-13 0.108 0.477876
2016-06-13 0.108 0.478088
2016-05-11 0.112 0.503597
2016-04-13 0.112 0.514943
2016-03-11 0.112 0.531309
2016-02-10 0.112 0.534861
2016-01-13 0.112 0.549289
2015-12-11 0.112 0.551724
2015-11-10 0.112 0.567663
2015-10-13 0.112 0.574654
2015-09-11 0.112 0.582726
2015-08-12 0.112 0.571429
2015-07-13 0.112 0.579111
2015-06-11 0.112 0.578214
2015-05-13 0.116 0.578265
2015-04-13 0.116 0.550285
2015-03-11 0.116 0.557692
2015-02-11 0.116 0.550024
2015-01-13 0.116 0.540793
2014-12-11 0.116 0.561743
2014-11-12 0.116 0.566683
2014-10-10 0.116 0.562288
2014-09-11 0.116 0.569745
2014-08-13 0.116 0.570866
2014-07-11 0.116 0.568906
2014-06-11 0.116 0.582037
2014-05-13 0.116 0.581454
2014-04-11 0.116 0.585267
2014-03-12 0.116 0.600725
2014-02-12 0.116 0.605112
2014-01-13 0.116 0.618337
2013-12-24 0.021 0.113391
2013-12-11 0.116 0.643015
2013-11-13 0.116 0.649860
2013-10-10 0.116 0.650589
2013-09-11 0.116 0.653153
2013-08-13 0.114 0.629834
2013-07-11 0.114 0.594059
2013-06-12 0.114 0.577215
2013-05-13 0.114 0.538244
2013-04-11 0.114 0.536976
2013-03-13 0.114 0.547025
2013-02-13 0.111 0.524823
2013-01-11 0.111 0.517482
2012-12-12 0.111 0.530339
2012-11-13 0.109 0.507449
2012-10-11 0.109 0.516588
2012-09-12 0.109 0.511257
2012-08-13 0.109 0.512218
2012-07-11 0.109 0.510539
2012-06-13 0.109 0.525808
2012-05-11 0.109 0.528101
2012-04-11 0.109 0.542829
2012-03-13 0.109 0.531967
2012-02-13 0.117 0.557408
2012-01-11 0.117 0.569620
2011-12-13 0.117 0.578349
2011-11-10 0.117 0.587644
2011-10-12 0.117 0.600616
2011-09-13 0.117 0.585000
2011-08-11 0.117 0.616114
2011-07-13 0.117 0.614496
2011-06-13 0.117 0.620690
2011-05-11 0.117 0.623667
2011-04-13 0.117 0.645695
2011-03-11 0.117 0.632774
2011-02-11 0.117 0.654362
2011-01-12 0.117 0.647841
2010-12-13 0.117 0.641799
2010-11-10 0.117 0.598772
2010-10-13 0.117 0.572687
2010-09-13 0.117 0.574374
2010-08-11 0.117 0.582960
2010-07-13 0.117 0.588827
2010-06-11 0.117 0.585879
Additional Data
dividendYield 8.23
exDividendDate 2026-09-15
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.097
lastDividendDate 2026-10-15
dividendDate 2019-02-01

Info Dump

Attribute Value
52 Week Change -0.12608695
Address1 333 West Wacker Drive
All Time High 24.13
All Time Low 13.67
Ask 15.2
Ask Size 700
Average Daily Volume10 Day 133,880
Average Daily Volume3 Month 76,593
Average Volume 76,593
Average Volume10Days 133,880
Bid 13.8
Bid Size 100
City Chicago
Country United States
Crypto Tradeable 0
Currency USD
Current Price 14.07
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 14.13
Day Low 14.0
Display Name Nuveen Taxable Muni Incm Fd
Dividend Date 1,548,979,200
Dividend Yield 8.23
Ebitda Margins 0.0
Eps Trailing Twelve Months 0.93
Esg Populated 0
Ex Dividend Date 1,789,430,400
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 14.8826
Fifty Day Average Change -0.81260014
Fifty Day Average Change Percent -0.054600686
Fifty Two Week Change Percent -12.608695
Fifty Two Week High 16.62
Fifty Two Week High Change -2.5500011
Fifty Two Week High Change Percent -0.15342966
Fifty Two Week Low 13.76
Fifty Two Week Low Change 0.30999947
Fifty Two Week Low Change Percent 0.02252903
Fifty Two Week Range 13.76 - 16.62
First Trade Date Milliseconds 1,272,461,400,000
Five Year Avg Dividend Yield 6.64
Full Exchange Name NYSE
Fullday Change 0.28649998
Fullday Change Percent 2.0740578
Fullday Price 14.07
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.46016997
Implied Shares Outstanding 29,394,751
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Language en-US
Last Dividend Date 1,792,022,400
Last Dividend Value 0.097
Long Business Summary 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. It invests in Build America Bonds, i.e. taxable municipal securities. The fund employs fundamental analysis with bottom-up and top-down stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the Barclays Capital Build America Bond Index. The fund was formerly known as Nuveen Build America Bond Fund. Nuveen Taxable Municipal Income Fund was formed on December 4, 2009 and is domiciled in the United States.
Long Name Nuveen Taxable Municipal Income Fund
Market us_market
Market Cap 413,584,160
Market State PRE
Max Age 86,400
Message Board Id finmb_104594301
Non Diluted Market Cap 424,166,256
Open 13.95
Operating Margins 0.0
Payout Ratio 1.242
Phone 312 917 7700
Previous Close 13.8135
Price Hint 2
Profit Margins 0.0
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.256499
Regular Market Change Percent 1.85687
Regular Market Day High 14.13
Regular Market Day Low 14.0
Regular Market Day Range 14.0 - 14.13
Regular Market Open 13.95
Regular Market Previous Close 13.8135
Regular Market Price 14.07
Regular Market Time 1,792,094,403
Regular Market Volume 110,156
Sand P52 Week Change 0.16207206
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 29,394,751
Shares Percent Shares Out 0.004
Shares Short 117,314
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 83,613
Short Name Nuveen Taxable Municipal Income
Short Percent Of Float 0.0044
Short Ratio 1.45
Source Interval 15
State IL
Symbol NBB
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.93
Trailing P E 15.129032
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 15.5304
Two Hundred Day Average Change -1.4604006
Two Hundred Day Average Change Percent -0.09403496
Type Disp Equity
Volume 110,156
Website https://www.nuveen.com/CEF/FundDetail.aspx?FundCode=NBB
Zip 60,606-1220