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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) declared a quarterly dividend on Monday, December 2nd,NASDAQ Dividends reports. Investors of record on Friday, December 13th will be given a dividend of 0.4175 per share on Tuesday, December 31st. This represents a $1.67 dividend on an annualized basis and a yield of 13.06%. The ex-dividend date is Friday, December 13th.

Nuveen Multi-Asset Income Fund has decreased its dividend by an average of 0.3% per year over the last three years.

Nuveen Multi-Asset Income Fund Stock Down 0.5 %

Nuveen Multi-Asset Income Fund stock opened at $12.79 on Wednesday. The firm’s 50 day simple moving average is $12.75 and its 200 day simple moving average is $12.79. Nuveen Multi-Asset Income Fund has a 1-year low of $11.63 and a 1-year high of $13.50.

Insider Buying and Selling

In other Nuveen Multi-Asset Income Fund news, major shareholder Saba Capital Management, L.P. sold 9,800 shares of Nuveen Multi-Asset Income Fund stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $12.59, for a total transaction of $123,382.00. Following the transaction, the insider now directly owns 4,170,472 shares of the company’s stock, valued at approximately $52,506,242.48. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 536,600 shares of company stock worth $6,968,951.