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 Monday, November 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.1160 per share on Tuesday, December 1st. This represents a $1.39 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Friday, November 13th.

Nuveen Multi-Asset Income Fund Stock Performance

NMAI opened at $13.45 on Tuesday. The business has a 50 day moving average price of $13.99 and a 200 day moving average price of $13.74. Nuveen Multi-Asset Income Fund has a twelve month low of $11.99 and a twelve month high of $15.06.

Nuveen Multi-Asset Income Fund (NYSE:NMAI) is a closed-end investment fund managed by Nuveen. The fund seeks to provide investors with a high level of current income and total return by investing across multiple asset classes rather than focusing on a single type of security.

The fund may allocate its portfolio among global fixed-income securities, equity securities, preferred securities, real estate-related investments and other income-producing assets. Its flexible, multi-asset approach is designed to give the investment team the ability to adjust exposures as market conditions, interest rates and economic trends change.

NMAI is advised by Nuveen Fund Advisors and benefits from the broader investment resources of Nuveen, an asset-management firm serving institutional and individual investors.