Nuveen Multi-Asset Income Fund Plans Monthly Dividend of $0.12 (NYSE:NMAI)

by · The Markets Daily

Nuveen Multi-Asset Income Fund (NYSE:NMAI – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.116 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date is Tuesday, September 15th.

Nuveen Multi-Asset Income Fund Stock Down 0.3%

Nuveen Multi-Asset Income Fund stock traded down $0.04 during mid-day trading on Wednesday, reaching $14.54. 17,787 shares of the company were exchanged, compared to its average volume of 112,134. The firm’s 50-day simple moving average is $14.15 and its two-hundred day simple moving average is $13.71. Nuveen Multi-Asset Income Fund has a twelve month low of $11.99 and a twelve month high of $15.06.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end investment fund managed by Nuveen, a global asset manager and subsidiary of TIAA. The fund is listed on the New York Stock Exchange and seeks to provide investors with high current income and the potential for capital appreciation. Nuveen Multi-Asset Income Fund employs an actively managed, diversified approach across multiple asset classes, leveraging Nuveen’s extensive research and portfolio management infrastructure.

The fund’s investment strategy centers on allocating assets among a broad range of income-producing instruments.

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