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

Nuveen Multi-Market Income Fund (NYSE:JMM) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.029 per share on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Wednesday, July 15th.

Nuveen Multi-Market Income Fund Price Performance

Shares of JMM opened at $5.87 on Thursday. Nuveen Multi-Market Income Fund has a 1 year low of $5.67 and a 1 year high of $6.52. The stock has a 50 day simple moving average of $5.81 and a 200-day simple moving average of $5.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Nuveen Multi-Market Income Fund in the 2nd quarter valued at $30,000. Seven Mile Advisory bought a new position in Nuveen Multi-Market Income Fund during the 3rd quarter valued at about $558,000. Susquehanna International Group LLP lifted its holdings in Nuveen Multi-Market Income Fund by 119.5% during the 3rd quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock valued at $281,000 after purchasing an additional 24,342 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in Nuveen Multi-Market Income Fund in the fourth quarter valued at about $85,000. Finally, Sit Investment Associates Inc. boosted its position in Nuveen Multi-Market Income Fund by 1.7% in the fourth quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock valued at $34,619,000 after buying an additional 96,877 shares in the last quarter. 67.34% of the stock is owned by institutional investors.

Nuveen Multi-Market Income Fund Company Profile

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.