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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) declared a quarterly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.4175 per share on Tuesday, April 1st. This represents a $1.67 annualized dividend and a yield of 13.25%. The ex-dividend date is Friday, March 14th.

Nuveen Multi-Asset Income Fund has raised its dividend payment by an average of 7.8% annually over the last three years.

Nuveen Multi-Asset Income Fund Stock Down 0.2 %

NYSE:NMAI traded down $0.03 during trading hours on Tuesday, hitting $12.60. The stock had a trading volume of 166,208 shares, compared to its average volume of 98,066. The company has a 50 day simple moving average of $12.32 and a two-hundred day simple moving average of $12.68. Nuveen Multi-Asset Income Fund has a one year low of $11.63 and a one year high of $13.50.

Insider Buying and Selling at Nuveen Multi-Asset Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 28,613 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $12.84, for a total value of $367,390.92. Following the transaction, the insider now owns 4,044,045 shares of the company’s stock, valued at $51,925,537.80. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 499,886 shares of company stock valued at $6,136,424 in the last three months.