Nuveen Multi-Market Income Fund (NYSE:JMM) to Issue $0.03 Monthly Dividend

Nuveen Multi-Market Income Fund (NYSE:JMMGet Free Report) declared a monthly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be given a dividend of 0.029 per share on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen Multi-Market Income Fund Trading Down 0.1%

JMM stock opened at $5.81 on Tuesday. The business’s 50-day moving average price is $5.84 and its two-hundred day moving average price is $6.01. Nuveen Multi-Market Income Fund has a 1-year low of $5.67 and a 1-year high of $6.52.

Institutional Trading of Nuveen Multi-Market Income Fund

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Nuveen Multi-Market Income Fund in the second quarter valued at about $30,000. Fifth Third Bancorp acquired a new stake in shares of Nuveen Multi-Market Income Fund in the first quarter valued at about $28,000. Wolverine Asset Management LLC acquired a new stake in shares of Nuveen Multi-Market Income Fund in the fourth quarter valued at about $85,000. Stratos Wealth Partners LTD. increased its position in shares of Nuveen Multi-Market Income Fund by 32.7% in the third quarter. Stratos Wealth Partners LTD. now owns 34,843 shares of the company’s stock valued at $219,000 after acquiring an additional 8,580 shares during the last quarter. Finally, Susquehanna International Group LLP increased its position in shares of Nuveen Multi-Market Income Fund by 119.5% in the third quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock valued at $281,000 after acquiring an additional 24,342 shares during the last quarter. 67.34% of the stock is currently owned by institutional investors.

About Nuveen Multi-Market Income Fund

(Get Free Report)

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.

See Also

Dividend History for Nuveen Multi-Market Income Fund (NYSE:JMM)

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