Ex-Dividend Date Insight: Nuveen Taxable Municipal

Author: Benzinga Insights | August 11, 2021 11:18am

Nuveen Taxable Municipal (NYSE:NBB) declared a dividend payable on September 1, 2021 to its shareholders as of August 2, 2021. It was also announced that shareholders of Nuveen Taxable Municipal's stock as of August 13, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Nuveen Taxable Municipal, which has a current dividend per share of $0.11, has an ex-dividend date scheduled for August 12, 2021. That equates to a dividend yield of 5.54% at current price levels.

What Are Ex-Dividend Dates?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Nuveen Taxable Municipal's Dividend Payouts And Yields

Over the past year, Nuveen Taxable Municipal has seen its dividend payouts and yields climb upward overall. Last year (April 14, 2021), the company's payout sat at $0.1, which has since increased by $0.01. Nuveen Taxable Municipal's dividend yield last year was 5.29%, which has since grown by 0.25%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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Posted In: NBB