Nuveen Taxable Municipal Income Fund
NBBFinancial Services · Stock · monthly payer
Forward Yield
8.02%
Annual Dividend
$1.16
Payout Ratio
123%
5-Yr Growth
0.8%
Ex-Date
Aug 14, 2026
Frequency
Monthly
Summary
As of September 2026, Nuveen Taxable Municipal Income Fund (NBB) yields 8.02% ($1.16 per share annually), with a blended fair-value estimate of $14.70 — -1% downside, so it screens as fairly valued. Dividend safety grade: C (50/100). 2 years of dividend growth.
Is NBB a good dividend stock?
MixedNuveen Taxable Municipal Income Fund (NBB) pays a monthly dividend yielding 8.02% ($1.16/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (123%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 8.02%
- Payout Ratio
- 123%
- Annual Dividend
- $1.16
- 5-Yr Avg Growth
- 0.8%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- —
- Market Cap
- $417.6M
- P/E Ratio
- 15.1
- 5-Yr Total Return
- -36%
- 52-Week Range
- $14.52 – $16.62
- Dividend Safety
- C · 50/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
NBB Price — Last 12 Months
Daily close
Price Return
1 Year
-11%
3 Years
+6%
5 Years
-36%
52-Week Range
$14.52 – $16.62
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NBB worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Nuveen Taxable Municipal Income Fund is $14.70 per share, versus a market price of $14.78. That implies the stock is roughly fairly priced.
Fair Value
$14.70
Current Price
$14.78
Gap
-1%
Margin of Safety
-1%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -2.2% annual free-cash-flow growth. We model 0.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 0.8% stage-1 growth, 2.5% terminal growth, $0.94 EPS, $1.16 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NBB Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full NBB dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0970 | regular |
| Aug 14, 2026 | — | $0.0970 | regular |
| Jul 15, 2026 | — | $0.0970 | regular |
| Jun 15, 2026 | — | $0.0970 | regular |
| May 15, 2026 | — | $0.0970 | regular |
| Apr 15, 2026 | — | $0.0970 | regular |
| Mar 13, 2026 | — | $0.0970 | regular |
| Feb 13, 2026 | — | $0.0970 | regular |
| Jan 15, 2026 | — | $0.0970 | regular |
| Dec 15, 2025 | — | $0.0970 | regular |
| Nov 14, 2025 | — | $0.0970 | regular |
| Oct 15, 2025 | — | $0.0970 | regular |
| Sep 15, 2025 | — | $0.0970 | regular |
| Aug 15, 2025 | — | $0.0970 | regular |
Income Calculator
At $1.16 / yr per share
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