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 Thursday, February 1st, NASDAQ reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.0275 per share on Friday, March 1st. This represents a $0.33 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend is Wednesday, February 14th.

Nuveen Multi-Market Income Fund has raised its dividend payment by an average of 0.8% annually over the last three years.

Nuveen Multi-Market Income Fund Trading Down 1.1 %

Shares of NYSE JMM traded down $0.07 during mid-day trading on Friday, hitting $6.03. The company had a trading volume of 3,751 shares, compared to its average volume of 6,516. The firm’s 50 day simple moving average is $5.86 and its two-hundred day simple moving average is $5.74. Nuveen Multi-Market Income Fund has a 12 month low of $5.29 and a 12 month high of $6.22.

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. BCK Partners Inc. acquired a new stake in shares of Nuveen Multi-Market Income Fund in the 1st quarter worth about $166,000. Wells Fargo & Company MN increased its stake in shares of Nuveen Multi-Market Income Fund by 31.7% in the fourth quarter. Wells Fargo & Company MN now owns 8,233 shares of the company’s stock valued at $48,000 after purchasing an additional 1,982 shares during the period. Susquehanna International Group LLP raised its holdings in shares of Nuveen Multi-Market Income Fund by 30.3% during the fourth quarter. Susquehanna International Group LLP now owns 25,403 shares of the company’s stock valued at $149,000 after buying an additional 5,910 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new position in shares of Nuveen Multi-Market Income Fund during the first quarter worth approximately $149,000. 64.80% of the stock is currently owned by institutional investors.

Nuveen Multi-Market Income Fund Company Profile

(Get Free Report)

Nuveen Multi-Market Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.

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

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