| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
NBB Stock Overview
Nuveen Taxable Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$21.08 |
| 52 Week High | US$24.13 |
| 52 Week Low | US$21.07 |
| Beta | 0 |
| 1 Month Change | -6.10% |
| 3 Month Change | -6.73% |
| 1 Year Change | -11.54% |
| 3 Year Change | 6.30% |
| 5 Year Change | 2.43% |
| Change since IPO | 5.40% |
Recent News & Updates
NBB: Mixed Outlook For The Year Ahead
Taxable munis continue to take on a more important role within the broader muni sector, so having some exposure helps to round out a portfolio. Credit quality remains pretty strong across the space. Therefore, like most investment-grade assets, the chances of default are low. The largest risk is not surprising - interest rate risk. NBB has a lower duration than its two closest peers. Yet, this duration is not "low". This duration level exposes the fund to a significant downside if interest rates do head higher in 2022. With a more gridlocked Congress, due to some resistance on key issues by the majority party, there may be less stimulus coming this year.
Nuveen Taxable Municipal Income Fund declares $0.0995 dividend
Nuveen Taxable Municipal Income Fund (NBB) declares $0.0995/share monthly dividend, in line with previous.Forward yield 5.21%Payable June 1; for shareholders of record May 14; ex-div May 13.See NBB Dividend Scorecard, Yield Chart, & Dividend Growth.
Nuveen Taxable Municipal Income Fund declares $0.0995 dividend
Nuveen Taxable Municipal Income Fund (NBB) declares $0.0995/share monthly dividend, in line with previous.Forward yield 5.14%Payable March 1; for shareholders of record Feb. 12; ex-div Feb. 11.See NBB Dividend Scorecard, Yield Chart, & Dividend Growth.
NBB: A Good Option For Taxable Muni Exposure, But Upside Limited
Main Thesis The purpose of this article is to evaluate the Nuveen Taxable Municipal Income Fund (NBB) as an investment option at its current market price. I will continue to use muni bonds as an equity hedge in the new year and see taxable munis as a reasonable way to increase my portfolio's risk without taking on too much credit risk. NBB is made up of investment-grade bonds, and its recent UNII report illustrates the
Nuveen Taxable Municipal Income Fund declares $0.0925 dividend
Nuveen Taxable Municipal Income Fund (NBB) declares $0.0925/share monthly dividend, in line with previous.Forward yield 4.81%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See NBB Dividend Scorecard, Yield Chart, & Dividend Growth.
Shareholder Returns
| NBB | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -5.7% | -5.5% | -4.6% |
| 1Y | -11.5% | 24.6% | 7.7% |
Return vs Industry: NBB underperformed the US Capital Markets industry which returned 25.7% over the past year.
Return vs Market: NBB underperformed the US Market which returned 10.2% over the past year.
Price Volatility
| NBB volatility | |
|---|---|
| NBB Average Weekly Movement | 1.9% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: NBB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: NBB's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | n/a | n/a | https://www.nuveen.com/CEF/FundDetail.aspx?FundCode=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.
Nuveen Taxable Municipal Income Fund Fundamentals Summary
| NBB fundamental statistics | |
|---|---|
| Market Cap | US$632.88m |
| Earnings (TTM) | US$0 |
| Revenue (TTM) | n/a |
n/a
P/E Ration/a
P/S RatioIs NBB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NBB income statement (TTM) | |
|---|---|
| Revenue | US$0 |
| Cost of Revenue | US$0 |
| Gross Profit | US$0 |
| Expenses | US$0 |
| Earnings | US$0 |
Last Reported Earnings
n/a
Next Earnings Date
n/a
| Earnings per share (EPS) | 0 |
| Gross Margin | 0.00% |
| Net Profit Margin | 0.00% |
| Debt/Equity Ratio | 0.0% |
How did NBB perform over the long term?
See historical performance and comparisonValuation
Is Nuveen Taxable Municipal Income Fund undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Nuveen Taxable Municipal Income Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Nuveen Taxable Municipal Income Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
Future Growth
How is Nuveen Taxable Municipal Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
6.3%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nuveen Taxable Municipal Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Nuveen Taxable Municipal Income Fund performed over the past 5 years?
20.3%
Historical Diversified Financials annual earnings growth
In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Nuveen Taxable Municipal Income Fund has not provided sufficient past data to assess its track record.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.
Financial Health
How is Nuveen Taxable Municipal Income Fund's financial position?
In this section we usually analyse Nuveen Taxable Municipal Income Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Nuveen Taxable Municipal Income Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.
Dividend
What is Nuveen Taxable Municipal Income Fund current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NBB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NBB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NBB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NBB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NBB's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Management
How experienced are the management team and are they aligned to shareholders interests?
16.0yrs
Average board tenure
CEO
Nuveen Taxable Municipal Income Fund has no CEO, or we have no data on them.
Board Members
Experienced Board: NBB's board of directors are seasoned and experienced ( 16 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Top Shareholders
Company Information
Nuveen Taxable Municipal Income Fund's employee growth, exchange listings and data sources
Key Information
- Name: Nuveen Taxable Municipal Income Fund
- Ticker: NBB
- Exchange: NYSE
- Founded: 2009
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$632.885m
- Shares outstanding: 28.07m
- Website: https://www.nuveen.com/CEF/FundDetail.aspx?FundCode=NBB
Location
- Nuveen Taxable Municipal Income Fund
- 333 West Wacker Drive
- Chicago
- Illinois
- 60606
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 00:09 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | N/A |
| Annual Earnings | N/A |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.