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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) declared a quarterly dividend on Monday, December 2nd,NASDAQ Dividends reports. Investors of record on Friday, December 13th will be given a dividend of 0.4175 per share on Tuesday, December 31st. This represents a $1.67 dividend on an annualized basis and a yield of 13.00%. The ex-dividend date 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 Stock Up 0.1 %

NYSE:NMAI traded up $0.01 during trading hours on Tuesday, reaching $12.85. 174,193 shares of the company’s stock were exchanged, compared to its average volume of 85,867. Nuveen Multi-Asset Income Fund has a 1-year low of $11.63 and a 1-year high of $13.50. The company has a 50-day moving average of $12.78 and a 200 day moving average of $12.78.

Insider Buying and Selling at Nuveen Multi-Asset Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 9,800 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $12.59, for a total value of $123,382.00. Following the completion of the transaction, the insider now directly owns 4,170,472 shares of the company’s stock, valued at $52,506,242.48. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 446,551 shares of company stock worth $5,808,752.