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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.116 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Friday, May 15th.

Nuveen Multi-Asset Income Fund Trading Up 0.1%

Nuveen Multi-Asset Income Fund stock traded up $0.01 during midday trading on Wednesday, hitting $14.13. 52,514 shares of the company’s stock were exchanged, compared to its average volume of 116,899. Nuveen Multi-Asset Income Fund has a 12-month low of $11.99 and a 12-month high of $14.35. The firm’s 50 day simple moving average is $13.16 and its 200 day simple moving average is $13.21.

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.