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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) declared a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 15th will be given a dividend of 0.116 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date is Thursday, January 15th.

Nuveen Multi-Asset Income Fund Trading Up 0.3%

Shares of NMAI stock opened at $13.34 on Tuesday. The business’s 50 day simple moving average is $13.06 and its 200 day simple moving average is $12.88. Nuveen Multi-Asset Income Fund has a one year low of $10.21 and a one year high of $13.39.

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.