The Nuveen Multi-Asset Income Fund (NYSE:NMAI) has declared a monthly dividend of $0.12 per share, effective February 2, 2024. Shareholders who are on record as of February 13, 2024 will receive this dividend payment on March 2, 2024. This announcement highlights the fund’s commitment to providing consistent income to its investors, with an annualized yield of 10.3%.
The ex-dividend date, which is significant for investors looking to purchase shares and still qualify for the dividend, is also set for February 13, 2024.
Market Response and Stock Performance
Following the announcement, shares of the Nuveen Multi-Asset Income Fund experienced a slight decline, trading down 0.3% to $13.55 on February 3, 2024. On that day, a total of 66,154 shares were exchanged, a notable decrease compared to the fund’s average trading volume of 158,308 shares.
The stock has shown a volatility range over the past year, with a 12-month low of $10.21 and a 12-month high of $13.60. Currently, the fund’s 50-day simple moving average stands at $13.14, while the 200-day simple moving average is at $12.96.
Nuveen Multi-Asset Income Fund employs a diversified investment strategy that focuses on a wide array of income-generating instruments. This approach is designed to provide steady returns to its investors, leveraging various asset classes to optimize income.
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