SmarterDividends
JMM

Nuveen Multi-Market Income Fund (JMM) Dividend

Nuveen Multi-Market Income Fund · Financial Services · Asset Management · monthly payer

$5.56

Overvalued · -18% Add to Portfolio

As of Nov 13, 2026, Nuveen Multi-Market Income Fund (JMM) pays a monthly dividend of $0.0290 per share, or $0.35 a year, a 6.26% yield at its $5.56 share price. It pays every month. It has raised its dividend 2 years in a row and has a dividend safety grade of C.

Forward Yield

6.26%

Annual Dividend

$0.35

Payout Ratio

139%

5-Yr Growth

1.4%

Ex-Date

Oct 15, 2026

Frequency

Monthly

Get an email when Nuveen Multi-Market Income Fund declares its next dividend

The amount, the ex-date and the last day to buy, the morning after it's announced. Free account, no card.

Key facts about JMM's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 13, 2026, Nuveen Multi-Market Income Fund (JMM) has a forward dividend yield of 6.26%, based on an annual dividend of $0.35 per share and a share price of $5.56.
  • As of Nov 13, 2026, JMM's dividend safety grade from SmarterDividends is C (58 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Nuveen Multi-Market Income Fund (JMM) has raised its dividend for 2 consecutive years as of Nov 13, 2026.
  • JMM last cut its regular dividend in 2023.
  • JMM's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.0290 per share.
  • As of Nov 13, 2026, JMM pays out 139% of its trailing 12-month earnings as dividends (its payout ratio).
  • JMM's dividend has grown at an average rate of 1.4% a year over the past five years.
  • As of Nov 13, 2026, JMM's 6.26% yield is 14% above its five-year average yield of 5.49%.
  • As of Nov 13, 2026, SmarterDividends' blended fair-value estimate for JMM is $4.53 per share, 18% below the $5.56 share price, so JMM screens as overvalued.
  • Nuveen Multi-Market Income Fund (JMM) pays its dividend monthly, 12 times a year.
  • Nuveen Multi-Market Income Fund (JMM) has raised its regular dividend 14 times and cut it 28 times across the 451 payments on record since 1989. Its most recent change was a 3.6% increase to $0.0290 per share, going ex-dividend on Dec 13, 2024. The last cut went ex-dividend on Jan 12, 2023.
Cite this page

SmarterDividends, "JMM Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 13, 2026, https://smarterdividends.com/stocks/JMM

Is JMM a good dividend stock?

Yes, with caveats

Nuveen Multi-Market Income Fund (JMM) pays a monthly dividend yielding 6.26% ($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
    6.26%
    Payout Ratio
    139%
    Annual Dividend
    $0.35
    5-Yr Avg Growth
    1.4%
    Ex-Dividend Date
    Oct 15, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.40
    Market Cap
    $52.6M
    P/E Ratio
    22.2
    5-Yr Total Return
    -22%
    52-Week Range
    $5.31 – $6.36
    Dividend Safety
    C · 58/100
    Ever Cut?
    Yes (2023)

    JMM dividend raises and cuts

    Nuveen Multi-Market Income Fund (JMM) has raised its regular dividend 14 times and cut it 28 times across the 451 payments on record since 1989. Its most recent change was a 3.6% increase to $0.0290 per share, going ex-dividend on Dec 13, 2024. The last cut went ex-dividend on Jan 12, 2023.

    Ex-dateChangeOld → newMove
    Dec 13, 2024Raise$0.0280 → $0.0290+3.6%
    Jan 12, 2023Cut$0.0300 → $0.0280−6.7%
    Mar 12, 2021Raise$0.0250 → $0.0300+20.0%
    Oct 14, 2020Cut$0.0270 → $0.0250−7.4%
    Mar 12, 2020Cut$0.0300 → $0.0270−10.0%
    Mar 14, 2018Cut$0.0330 → $0.0300−9.1%
    Dec 14, 2017Cut$0.0360 → $0.0330−8.3%
    Jun 13, 2016Cut$0.0400 → $0.0360−10.0%
    Nov 1, 2013Cut$0.0440 → $0.0400−9.1%
    Jun 3, 2013Cut$0.0480 → $0.0440−8.3%
    Nov 1, 2012Cut$0.0500 → $0.0480−4.0%
    Mar 1, 2012Cut$0.0530 → $0.0500−5.7%
    Show all 42 changes since 1989
    Ex-dateChangeOld → newMove
    Feb 1, 2011Cut$0.0580 → $0.0530−8.6%
    Dec 1, 2010Cut$0.0600 → $0.0580−3.3%
    Oct 1, 2010Cut$0.0630 → $0.0600−4.8%
    Nov 2, 2009Raise$0.0600 → $0.0630+5.0%
    Aug 3, 2009Raise$0.0580 → $0.0600+3.4%
    Jul 1, 2009Raise$0.0550 → $0.0580+5.5%
    May 1, 2009Raise$0.0530 → $0.0550+3.8%
    Feb 2, 2009Raise$0.0490 → $0.0530+8.2%
    Nov 3, 2008Raise$0.0480 → $0.0490+2.1%
    Sep 2, 2008Raise$0.0460 → $0.0480+4.3%
    Jun 2, 2008Raise$0.0430 → $0.0460+7.0%
    Nov 1, 2006Cut$0.0450 → $0.0430−4.4%
    Jun 1, 2006Raise$0.0430 → $0.0450+4.7%
    Jul 1, 2005Cut$0.0450 → $0.0430−4.4%
    May 2, 2005Cut$0.0480 → $0.0450−6.3%
    Mar 1, 2005Cut$0.0500 → $0.0480−4.0%
    Sep 1, 2004Cut$0.0530 → $0.0500−5.7%
    Apr 1, 2004Cut$0.0550 → $0.0530−3.6%
    Jul 1, 2003Cut$0.0580 → $0.0550−5.2%
    Dec 3, 2001Raise$0.0550 → $0.0580+5.5%
    Feb 1, 2001Cut$0.0600 → $0.0550−8.3%
    Aug 12, 1999Cut$0.0610 → $0.0600−1.6%
    Jul 13, 1999Raise$0.0600 → $0.0610+1.7%
    Apr 13, 1998Cut$0.0700 → $0.0600−14.3%
    Apr 10, 1995Cut$0.0800 → $0.0700−12.5%
    Oct 8, 1993Cut$0.0850 → $0.0800−5.9%
    May 11, 1993Cut$0.0900 → $0.0850−5.6%
    Nov 10, 1992Cut$0.105 → $0.0900−14.3%
    May 7, 1990Raise$0.100 → $0.105+5.0%
    Aug 9, 1989Cut$0.110 → $0.100−9.1%
    Every JMM payment →Download every raise and cut (CSV)
    JMM ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →JMM dividend historyEvery payment, totals by year, raises and cutsView →JMM dividend calculator100 shares pay $35.00 a year, $2.92 each monthCalculate →JMM total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is JMM a good dividend stock?

    Yes, with caveats. Nuveen Multi-Market Income Fund (JMM) pays a monthly dividend yielding 6.26% ($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.

    Is JMM undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, JMM's fair value is about $4.53 versus a $5.56 share price — so it looks overvalued (-18% vs. fair value).

    Is JMM's dividend safe?

    JMM has a dividend-safety grade of C (58/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is JMM's fair value?

    Our blended fair-value estimate for JMM is about $4.53 per share, about 18% below the current $5.56 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is JMM a buy, hold, or sell?

    We don't issue formal ratings, but on the data JMM screens as "yes, with caveats" and overvalued. Nuveen Multi-Market Income Fund (JMM) pays a monthly dividend yielding 6.26% ($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. This is research for your own analysis, not investment advice.

    Will JMM cut its dividend?

    JMM earns a dividend-safety grade of C (58/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does JMM pay a dividend?

    Yes. Nuveen Multi-Market Income Fund pays a monthly dividend of about $0.35 per share annually, a forward yield of roughly 6.26%.

    How much dividend does 100 shares of JMM pay?

    At $0.35 per share a year, 100 shares of JMM pay $35.00 a year in dividends before tax, about $2.92 each month. Buying them costs about $556 at the Nov 13, 2026 price.

    What is JMM's dividend yield?

    As of Nov 13, 2026, JMM's forward dividend yield is 6.26%, based on a $0.35 annual dividend and a $5.56 share price.

    What is JMM's dividend per share?

    As of Nov 13, 2026, JMM pays $0.35 per share per year, distributed on a monthly basis.

    What is JMM's dividend payout ratio?

    As of Nov 13, 2026, JMM's payout ratio is 139% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has JMM grown its dividend?

    As of Nov 13, 2026, JMM has increased its dividend for 2 consecutive years.

    When is the next JMM ex-dividend date?

    As of Nov 13, 2026, JMM's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.0290 per share.

    Income Calculator

    At $0.35 / yr per share

    Per payment (monthly)$2.92
    Annual$35.00
    Monthly avg$2.92
    Full JMM dividend calculator →

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