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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be given a dividend of 0.116 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen Multi-Asset Income Fund Price Performance

Shares of NYSE:NMAI opened at $14.21 on Tuesday. The firm has a fifty day moving average price of $13.90 and a two-hundred day moving average price of $13.56. Nuveen Multi-Asset Income Fund has a one year low of $11.99 and a one year high of $14.38.

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.