Nuveen Multi-Market Income Fund to Issue Monthly Dividend of $0.03 (NYSE:JMM)

Nuveen Multi-Market Income Fund (NYSE:JMM) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.029 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Multi-Market Income Fund Stock Down 0.2%

JMM traded down $0.01 during trading on Wednesday, reaching $5.77. The company had a trading volume of 2,640 shares, compared to its average volume of 8,881. The business has a 50 day simple moving average of $5.81 and a 200-day simple moving average of $5.87. Nuveen Multi-Market Income Fund has a 52 week low of $5.67 and a 52 week high of $6.52.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

Several large investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. raised its stake in shares of Nuveen Multi-Market Income Fund by 1.7% during the fourth quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock valued at $34,619,000 after acquiring an additional 96,877 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Nuveen Multi-Market Income Fund by 1.2% in the fourth quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock valued at $1,524,000 after acquiring an additional 2,880 shares in the last quarter. Susquehanna International Group LLP lifted its stake in Nuveen Multi-Market Income Fund by 119.5% in the third quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock worth $281,000 after acquiring an additional 24,342 shares during the period. Wolverine Asset Management LLC purchased a new stake in Nuveen Multi-Market Income Fund in the fourth quarter worth about $85,000. Finally, Fifth Third Bancorp bought a new position in Nuveen Multi-Market Income Fund during the 1st quarter worth about $28,000. 67.34% of the stock is owned by hedge funds and other institutional investors.

Nuveen Multi-Market Income Fund Company Profile

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.