Nuveen Multi-Asset Income Fund (NYSE:NMAI) Shareholders Set to Receive $0.12 Monthly Dividend

Nuveen Multi-Asset Income Fund (NYSE:NMAI) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be given a dividend of $0.1160 per share on Monday, November 2nd. This represents a $1.39 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Thursday, October 15th.

Nuveen Multi-Asset Income Fund Stock Down 0.7%

Shares of NYSE:NMAI opened at $14.35 on Friday. Nuveen Multi-Asset Income Fund has a fifty-two week low of $11.99 and a fifty-two week high of $15.06. The firm has a 50-day simple moving average of $14.30 and a 200 day simple moving average of $13.84.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end management investment company advised by Nuveen Asset Management, LLC. The fund seeks to provide a high level of current income while also pursuing total return through a diversified, multi-asset investment strategy.

NMAI invests across a range of income-producing securities and asset classes, which may include corporate and government bonds, high-yield debt, preferred securities, convertible securities, mortgage-related investments and dividend-paying equities.