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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) announced a quarterly dividend on Monday, December 2nd,NASDAQ Dividends reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.4175 per share on Tuesday, December 31st. This represents a $1.67 annualized dividend and a dividend yield of 13.00%. The ex-dividend date of this dividend is Friday, December 13th.

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

Nuveen Multi-Asset Income Fund Trading Up 0.1 %

NMAI stock traded up $0.01 during trading on Tuesday, hitting $12.85. The stock had a trading volume of 174,193 shares, compared to its average volume of 85,867. The company’s 50 day moving average price is $12.78 and its two-hundred day moving average price is $12.78. Nuveen Multi-Asset Income Fund has a 1-year low of $11.63 and a 1-year high of $13.50.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 48,882 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $13.16, for a total value of $643,287.12. Following the completion of the sale, the insider now directly owns 4,634,514 shares in the company, valued at approximately $60,990,204.24. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 446,551 shares of company stock valued at $5,808,752 over the last 90 days.