Nuveen Multi-Asset Income Fund (NYSE:NMAI) Declares Quarterly Dividend of $0.42

Nuveen Multi-Asset Income Fund (NYSE:NMAI) announced a quarterly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be paid a dividend of 0.4175 per share on Tuesday, April 1st. This represents a $1.67 dividend on an annualized basis and a dividend yield of 13.25%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen Multi-Asset Income Fund has raised its dividend by an average of 7.8% annually over the last three years.

Nuveen Multi-Asset Income Fund Price Performance

Shares of NYSE:NMAI traded down $0.03 during trading on Tuesday, reaching $12.60. 166,208 shares of the company’s stock traded hands, compared to its average volume of 98,066. Nuveen Multi-Asset Income Fund has a 12 month low of $11.63 and a 12 month high of $13.50. The company has a 50 day moving average of $12.32 and a 200-day moving average of $12.68.

Insider Activity at Nuveen Multi-Asset Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 13,553 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.90, for a total transaction of $161,280.70. Following the completion of the sale, the insider now owns 3,409,288 shares of the company’s stock, valued at $40,570,527.20. This represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 499,886 shares of company stock valued at $6,136,424 in the last quarter.