Nuveen Multi-Market Income Fund
JMMFinancial Services · Stock · monthly payer
Forward Yield
6.24%
Annual Dividend
$0.35
Payout Ratio
139%
5-Yr Growth
1.4%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Nuveen Multi-Market Income Fund (JMM) yields 6.24% ($0.35 per share annually), with a blended fair-value estimate of $4.81 — -15% downside, so it screens as fairly valued. Dividend safety grade: C (58/100). 2 years of dividend growth.
Is JMM a good dividend stock?
Yes, with caveatsNuveen Multi-Market Income Fund (JMM) pays a monthly dividend yielding 6.24% ($0.35/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (139%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.24%
- Payout Ratio
- 139%
- Annual Dividend
- $0.35
- 5-Yr Avg Growth
- 1.4%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.37
- Market Cap
- $52.7M
- P/E Ratio
- 22.3
- 5-Yr Total Return
- -24%
- 52-Week Range
- $5.55 – $6.42
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
JMM Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+5%
5 Years
-24%
52-Week Range
$5.55 – $6.42
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is JMM worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Nuveen Multi-Market Income Fund is $4.81 per share, versus a market price of $5.63. That implies the stock is roughly fairly priced.
Fair Value
$4.81
Current Price
$5.63
Gap
-15%
Margin of Safety
-17%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 5.8% annual free-cash-flow growth. We model 1.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 1.4% stage-1 growth, 2.5% terminal growth, $0.25 EPS, $0.35 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
JMM Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full JMM dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0290 | regular |
| Aug 14, 2026 | — | $0.0290 | regular |
| Jul 15, 2026 | — | $0.0290 | regular |
| Jun 15, 2026 | — | $0.0290 | regular |
| May 15, 2026 | — | $0.0290 | regular |
| Apr 15, 2026 | — | $0.0290 | regular |
| Mar 13, 2026 | — | $0.0290 | regular |
| Feb 13, 2026 | — | $0.0290 | regular |
| Jan 15, 2026 | — | $0.0290 | regular |
| Dec 15, 2025 | — | $0.0290 | regular |
| Nov 14, 2025 | — | $0.0290 | regular |
| Oct 15, 2025 | — | $0.0290 | regular |
| Sep 15, 2025 | — | $0.0290 | regular |
| Aug 15, 2025 | — | $0.0290 | regular |
Income Calculator
At $0.35 / yr per share
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