Nuveen Real Asset Income and Growth Fund Plans Monthly Dividend of $0.13 (NYSE:JRI)

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) announced a monthly dividend on Tuesday, January 27th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.1335 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date is Monday, March 2nd.

Nuveen Real Asset Income and Growth Fund Stock Up 0.8%

Shares of NYSE JRI traded up $0.11 during trading hours on Friday, reaching $13.28. The stock had a trading volume of 298,222 shares, compared to its average volume of 250,836. Nuveen Real Asset Income and Growth Fund has a 52-week low of $10.59 and a 52-week high of $14.37. The business’s fifty day moving average price is $13.38 and its two-hundred day moving average price is $13.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. bought a new stake in shares of Nuveen Real Asset Income and Growth Fund in the 2nd quarter valued at about $40,000. Garner Asset Management Corp purchased a new position in Nuveen Real Asset Income and Growth Fund during the fourth quarter valued at approximately $62,000. Kestra Advisory Services LLC bought a new position in Nuveen Real Asset Income and Growth Fund in the fourth quarter worth approximately $95,000. US Bancorp DE purchased a new stake in Nuveen Real Asset Income and Growth Fund during the third quarter worth $109,000. Finally, Global Retirement Partners LLC bought a new stake in Nuveen Real Asset Income and Growth Fund during the 4th quarter valued at $118,000.

About Nuveen Real Asset Income and Growth Fund

Nuveen Real Asset Income and Growth Fund (NYSE: JRI) is a diversified, closed-end management investment company managed by Nuveen Advisors, LLC. The fund seeks to deliver a combination of income and capital growth by investing primarily in securities tied to real assets, including real estate investment trusts, infrastructure funds, master limited partnerships and other real asset-related equities. Launched on March 1, 2007, JRI provides investors with exposure to physical assets that can serve as an inflation hedge while pursuing consistent distribution streams.

The fund employs an active, research-driven approach to portfolio management, targeting high-quality issuers whose businesses benefit from long-term demand trends in sectors such as utilities, energy infrastructure, transportation and agriculture.