Nuveen Real Asset Income and Growth Fund Announces Monthly Dividend of $0.10 (NYSE:JRI)

Nuveen Real Asset Income and Growth Fund (NYSE:JRI – Get Rating) declared a monthly dividend on Monday, May 2nd, Zacks reports. Stockholders of record on Friday, May 13th will be given a dividend of 0.097 per share on Wednesday, June 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date of this dividend is Thursday, May 12th.

Nuveen Real Asset Income and Growth Fund has decreased its dividend payment by an average of 3.1% per year over the last three years.

Shares of JRI stock opened at $13.64 on Tuesday. Nuveen Real Asset Income and Growth Fund has a 52-week low of $13.59 and a 52-week high of $16.50. The stock has a fifty day simple moving average of $14.74.

A number of hedge funds and other institutional investors have recently made changes to their positions in JRI. Royal Bank of Canada boosted its position in shares of Nuveen Real Asset Income and Growth Fund by 3.7% during the 3rd quarter. Royal Bank of Canada now owns 22,241 shares of the company’s stock valued at $339,000 after acquiring an additional 787 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Nuveen Real Asset Income and Growth Fund in the fourth quarter valued at approximately $546,000. Bank of America Corp DE lifted its position in Nuveen Real Asset Income and Growth Fund by 6.3% during the fourth quarter. Bank of America Corp DE now owns 48,105 shares of the company’s stock valued at $775,000 after purchasing an additional 2,850 shares during the last quarter. UBS Group AG grew its stake in Nuveen Real Asset Income and Growth Fund by 10.4% in the 3rd quarter. UBS Group AG now owns 175,597 shares of the company’s stock worth $2,678,000 after buying an additional 16,554 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Nuveen Real Asset Income and Growth Fund by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 247,193 shares of the company’s stock worth $3,984,000 after buying an additional 2,392 shares during the last quarter.

Nuveen Real Asset Income and Growth Fund Company Profile (Get Rating)

Nuveen Real Asset Income and Growth Fund is an closed ended balanced mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets across the globe. The fund also makes its investments in depository receipts.

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