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

Nuveen Multi-Market Income Fund (NYSE:JMM) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0290 per share on Monday, November 2nd. This represents a $0.35 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, October 15th.

Nuveen Multi-Market Income Fund Stock Performance

NYSE JMM opened at $5.54 on Friday. Nuveen Multi-Market Income Fund has a 52 week low of $5.31 and a 52 week high of $6.39. The business has a 50 day moving average price of $5.72 and a 200-day moving average price of $5.79.

Institutional Trading of Nuveen Multi-Market Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp bought a new position in shares of Nuveen Multi-Market Income Fund in the first quarter valued at $28,000. Susquehanna International Group LLP increased its position in shares of Nuveen Multi-Market Income Fund by 16.2% during the second quarter. Susquehanna International Group LLP now owns 28,650 shares of the company’s stock worth $168,000 after acquiring an additional 3,987 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its holdings in shares of Nuveen Multi-Market Income Fund by 1.7% in the 4th quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock worth $34,619,000 after acquiring an additional 96,877 shares during the last quarter. Institutional investors own 67.34% of the company’s stock.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund (NYSE:JMM) is a closed-end investment fund managed by Nuveen. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of fixed-income securities.

Its portfolio may include corporate bonds, government and agency securities, mortgage-backed and asset-backed securities, municipal bonds, and other domestic and international debt instruments. The fund can invest across credit-quality categories and market sectors, including below-investment-grade securities, in an effort to pursue income opportunities across changing market conditions.

Nuveen, the fund’s investment manager, is an asset-management firm specializing in income-oriented investments and serving institutional and individual investors.