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

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

Nuveen Multi-Market Income Fund Price Performance

NYSE:JMM opened at $5.87 on Thursday. The company’s 50 day moving average is $5.81 and its 200-day moving average is $5.96. Nuveen Multi-Market Income Fund has a 12 month low of $5.67 and a 12 month high of $6.52.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp bought a new stake in Nuveen Multi-Market Income Fund during the first quarter valued at about $28,000. Advisors Asset Management Inc. lifted its position in shares of Nuveen Multi-Market Income Fund by 1.2% during the 4th quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock worth $1,524,000 after purchasing an additional 2,880 shares during the last quarter. Sit Investment Associates Inc. lifted its position in shares of Nuveen Multi-Market Income Fund by 1.7% during the 4th quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock worth $34,619,000 after purchasing an additional 96,877 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in Nuveen Multi-Market Income Fund during the 4th quarter valued at approximately $85,000. Finally, Susquehanna International Group LLP boosted its stake 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 period. 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.