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

Nuveen Multi-Market Income Fund (NYSE:JMM) announced a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 15th will be given a dividend of 0.029 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Thursday, January 15th.

Nuveen Multi-Market Income Fund Stock Up 0.8%

JMM stock opened at $6.06 on Tuesday. The business has a fifty day moving average price of $6.09 and a 200 day moving average price of $6.24. Nuveen Multi-Market Income Fund has a fifty-two week low of $5.68 and a fifty-two week high of $6.52.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Aviance Capital Partners LLC boosted its holdings in Nuveen Multi-Market Income Fund by 2.0% in the second quarter. Aviance Capital Partners LLC now owns 115,719 shares of the company’s stock valued at $727,000 after acquiring an additional 2,299 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Nuveen Multi-Market Income Fund during the 2nd quarter worth approximately $30,000. Stratos Wealth Partners LTD. raised its stake in shares of 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 buying an additional 7,174 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in 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 buying an additional 24,342 shares during the period. Finally, M Holdings Securities Inc. acquired a new position in Nuveen Multi-Market Income Fund in the second quarter valued at approximately $230,000. Institutional investors and hedge funds 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.