Nuveen Multi-Asset Income Fund
NMAIFinancial Services · Stock · monthly payer
Forward Yield
9.82%
Annual Dividend
$1.39
Payout Ratio
52%
5-Yr Growth
—
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Nuveen Multi-Asset Income Fund (NMAI) yields 9.82% ($1.39 per share annually), with a blended fair-value estimate of $17.33 — +23% upside, so it screens as undervalued. Dividend safety grade: C (50/100).
Is NMAI a good dividend stock?
MixedNuveen Multi-Asset Income Fund (NMAI) pays a monthly dividend yielding 9.82% ($1.39/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (52%)
Risks
- Cut its dividend in 2025
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 9.82%
- Payout Ratio
- 52%
- Annual Dividend
- $1.39
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $470.0M
- P/E Ratio
- 5.1
- 5-Yr Total Return
- -21%
- 52-Week Range
- $11.99 – $15.06
- Dividend Safety
- C · 50/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
NMAI Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
+32%
5 Years
-21%
52-Week Range
$11.99 – $15.06
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NMAI worth?
Undervaluedhigh confidenceOur blended fair-value estimate for Nuveen Multi-Asset Income Fund is $17.33 per share, versus a market price of $14.10. That implies 23% of upside — a margin of safety of about 19%.
Fair Value
$17.33
Current Price
$14.10
Upside
+23%
Margin of Safety
19%
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 -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $2.76 EPS, $1.39 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NMAI 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 NMAI dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.1160 | regular |
| Aug 14, 2026 | — | $0.1160 | regular |
| Jul 15, 2026 | — | $0.1160 | regular |
| Jun 15, 2026 | — | $0.1160 | regular |
| May 15, 2026 | — | $0.1160 | regular |
| Apr 15, 2026 | — | $0.1160 | regular |
| Mar 13, 2026 | — | $0.1160 | regular |
| Feb 13, 2026 | — | $0.1160 | regular |
| Jan 15, 2026 | — | $0.1160 | regular |
| Dec 15, 2025 | — | $0.1160 | regular |
| Nov 14, 2025 | — | $0.1260 | regular |
| Oct 15, 2025 | — | $0.1260 | regular |
| Sep 15, 2025 | — | $0.1260 | regular |
| Aug 15, 2025 | — | $0.1260 | regular |
Income Calculator
At $1.39 / yr per share
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