Nuveen Multi-Asset Income Fund (NYSE:NMAI – Get Free Report) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.1160 per share on Tuesday, December 1st. This represents a $1.39 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Friday, November 13th.
Nuveen Multi-Asset Income Fund Trading Down 0.3%
Shares of NMAI opened at $13.67 on Wednesday. The firm has a 50-day simple moving average of $13.88 and a two-hundred day simple moving average of $13.74. Nuveen Multi-Asset Income Fund has a 1-year low of $11.99 and a 1-year high of $15.06.
Nuveen Multi-Asset Income Fund is a closed-end investment fund that seeks to provide a high level of current income, with capital appreciation as a secondary objective. It invests across multiple asset classes rather than focusing on a single type of security. The fund’s portfolio may include income-producing stocks and fixed-income securities from U.S. and international markets. Its diversified approach gives investors exposure to a range of issuers, sectors and geographies. The fund began operations in 2021 and is part of Nuveen’s investment-fund lineup.
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