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

Nuveen Multi-Market Income Fund (NYSE:JMM) announced a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of 0.029 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Friday, February 13th.

Nuveen Multi-Market Income Fund Trading Down 0.6%

Shares of JMM stock traded down $0.04 on Tuesday, hitting $6.15. The company’s stock had a trading volume of 106 shares, compared to its average volume of 7,005. Nuveen Multi-Market Income Fund has a fifty-two week low of $5.68 and a fifty-two week high of $6.52. The stock’s 50 day moving average is $6.10 and its 200-day moving average is $6.22.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

A number of hedge funds have recently added to or reduced their stakes in JMM. Raymond James Financial Inc. acquired a new position in Nuveen Multi-Market Income Fund in the 2nd quarter valued at $30,000. Wolverine Asset Management LLC acquired a new position in Nuveen Multi-Market Income Fund in the fourth quarter valued at about $85,000. Stratos Wealth Partners LTD. lifted its position in Nuveen Multi-Market Income Fund by 37.6% during the second quarter. Stratos Wealth Partners LTD. now owns 26,263 shares of the company’s stock worth $165,000 after purchasing an additional 7,174 shares during the period. M Holdings Securities Inc. acquired a new stake in Nuveen Multi-Market Income Fund during the second quarter worth about $230,000. Finally, Susquehanna International Group LLP raised its position in shares of Nuveen Multi-Market Income Fund by 119.5% in the 3rd quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock valued at $281,000 after buying an additional 24,342 shares in the last quarter. Institutional investors own 67.34% of the company’s stock.

About Nuveen Multi-Market Income Fund

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.