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

Nuveen Multi-Market Income Fund (NYSE:JMM) declared a monthly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be given a dividend of 0.029 per share on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen Multi-Market Income Fund Stock Performance

JMM opened at $5.81 on Tuesday. The stock’s fifty day moving average is $5.84 and its two-hundred day moving average is $6.01. Nuveen Multi-Market Income Fund has a 52 week low of $5.67 and a 52 week high of $6.52.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Sit Investment Associates Inc. boosted its position in 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 valued at $34,619,000 after acquiring an additional 96,877 shares in the last quarter. Advisors Asset Management Inc. boosted its position in 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 valued at $1,524,000 after acquiring an additional 2,880 shares in the last quarter. Seven Mile Advisory bought a new stake in Nuveen Multi-Market Income Fund during the 3rd quarter valued at $558,000. Susquehanna International Group LLP boosted its position 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 acquiring an additional 24,342 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in Nuveen Multi-Market Income Fund by 32.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 34,843 shares of the company’s stock valued at $219,000 after acquiring an additional 8,580 shares in the last quarter. 67.34% of the stock is currently owned by hedge funds and other institutional investors.

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.