Nuveen Real Asset Income and Growth Fund (NYSE:JRI) to Issue $0.13 Monthly Dividend

Nuveen Real Asset Income and Growth Fund (NYSE:JRI) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.1335 per share on Monday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 12.90%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Real Asset Income and Growth Fund has decreased its dividend by an average of 4.1% annually over the last three years.

Nuveen Real Asset Income and Growth Fund Price Performance

JRI stock traded up $0.28 during midday trading on Friday, hitting $12.42. The stock had a trading volume of 150,214 shares, compared to its average volume of 140,357. The business has a fifty day moving average price of $12.98 and a two-hundred day moving average price of $12.85. Nuveen Real Asset Income and Growth Fund has a 1-year low of $10.84 and a 1-year high of $13.72.

About Nuveen Real Asset Income and Growth Fund

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.