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

Nuveen Multi-Asset Income Fund (NYSE:NMAI) declared a quarterly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be paid 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 of this dividend is Friday, March 14th.

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

Nuveen Multi-Asset Income Fund Trading Down 0.2 %

Shares of NYSE NMAI opened at $12.60 on Wednesday. The firm’s 50-day moving average price is $12.32 and its 200-day moving average price is $12.68. Nuveen Multi-Asset Income Fund has a 1-year low of $11.63 and a 1-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 13,553 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $11.90, for a total value of $161,280.70. Following the transaction, the insider now owns 3,409,288 shares of the company’s stock, valued at approximately $40,570,527.20. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 471,273 shares of company stock valued at $5,769,033.