SmarterDividends
NMAI

Nuveen Multi-Asset Income Fund (NMAI) Dividend

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

$13.20

Undervalued · +133% Add to Portfolio

As of Nov 8, 2026, Nuveen Multi-Asset Income Fund (NMAI) pays a monthly dividend of $0.1160 per share, or $1.39 a year, a 10.55% yield at its $13.20 share price. It pays every month. It has a dividend safety grade of D.

Forward Yield

10.55%

Annual Dividend

$1.39

Payout Ratio

52%

5-Yr Growth

—

Ex-Date

Oct 15, 2026

Frequency

Monthly

Key facts about NMAI's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, Nuveen Multi-Asset Income Fund (NMAI) has a forward dividend yield of 10.55%, based on an annual dividend of $1.39 per share and a share price of $13.20.
  • As of Nov 8, 2026, NMAI's dividend safety grade from SmarterDividends is D (49 out of 100), which rates the dividend as unsafe.
  • NMAI last cut its regular dividend in 2023.
  • NMAI's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.12 per share.
  • As of Nov 8, 2026, NMAI pays out 52% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for NMAI is $30.78 per share, 133% above the $13.20 share price, so NMAI screens as undervalued.
  • Nuveen Multi-Asset Income Fund (NMAI) pays its dividend monthly, 12 times a year.
  • Nuveen Multi-Asset Income Fund (NMAI) has raised its regular dividend 2 times and cut it 3 times across the 32 payments on record since 2021. Its most recent change was a 7.9% cut to $0.116 per share, going ex-dividend on Dec 15, 2025.
Cite this page

SmarterDividends, "NMAI Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/NMAI

Is NMAI a good dividend stock?

Mixed

Nuveen Multi-Asset Income Fund (NMAI) pays a monthly dividend yielding 10.55% ($1.39/yr), with 0 years of growth and a dividend-safety grade of D. 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 2023
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years
  • Below-average dividend safety score

Key Data

Dividend Yield
10.55%
Payout Ratio
52%
Annual Dividend
$1.39
5-Yr Avg Growth
—
Ex-Dividend Date
Oct 15, 2026
Years of Growth
0
Frequency
monthly
Beta
—
Market Cap
$441.2M
P/E Ratio
4.8
5-Yr Total Return
-26%
52-Week Range
$11.99 – $15.06
Dividend Safety
D · 49/100
Ever Cut?
Yes (2023)

NMAI dividend raises and cuts

Nuveen Multi-Asset Income Fund (NMAI) has raised its regular dividend 2 times and cut it 3 times across the 32 payments on record since 2021. Its most recent change was a 7.9% cut to $0.116 per share, going ex-dividend on Dec 15, 2025.

Ex-dateChangeOld → newMove
Dec 15, 2025Cut$0.126 → $0.116−7.9%
Jun 13, 2025Cut$0.418 → $0.126−69.9%
Jun 14, 2024Raise$0.400 → $0.418+4.5%
Dec 14, 2023Raise$0.300 → $0.400+33.3%
Mar 14, 2023Cut$0.350 → $0.300−14.3%
Every NMAI payment →Download every raise and cut (CSV)
NMAI ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →NMAI dividend historyEvery payment, totals by year, raises and cutsView →NMAI dividend calculator100 shares pay $139.00 a year, $11.58 each monthCalculate →NMAI total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is NMAI a good dividend stock?

Mixed. Nuveen Multi-Asset Income Fund (NMAI) pays a monthly dividend yielding 10.55% ($1.39/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is NMAI undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NMAI's fair value is about $30.78 versus a $13.20 share price — so it looks undervalued (+133% vs. fair value).

Is NMAI's dividend safe?

NMAI has a dividend-safety grade of D (49/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is NMAI's fair value?

Our blended fair-value estimate for NMAI is about $30.78 per share, roughly 133% above the current $13.20 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NMAI a buy, hold, or sell?

We don't issue formal ratings, but on the data NMAI screens as "mixed" and undervalued. Nuveen Multi-Asset Income Fund (NMAI) pays a monthly dividend yielding 10.55% ($1.39/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will NMAI cut its dividend?

NMAI earns a dividend-safety grade of D (49/100), 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 NMAI pay a dividend?

Yes. Nuveen Multi-Asset Income Fund pays a monthly dividend of about $1.39 per share annually, a forward yield of roughly 10.55%.

How much dividend does 100 shares of NMAI pay?

At $1.39 per share a year, 100 shares of NMAI pay $139.00 a year in dividends before tax, about $11.58 each month. Buying them costs about $1,320 at the Nov 8, 2026 price.

What is NMAI's dividend yield?

As of Nov 8, 2026, NMAI's forward dividend yield is 10.55%, based on a $1.39 annual dividend and a $13.20 share price.

What is NMAI's dividend per share?

As of Nov 8, 2026, NMAI pays $1.39 per share per year, distributed on a monthly basis.

What is NMAI's dividend payout ratio?

As of Nov 8, 2026, NMAI's payout ratio is 52% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has NMAI grown its dividend?

NMAI does not currently have a long dividend-growth streak on record.

When is the next NMAI ex-dividend date?

As of Nov 8, 2026, NMAI's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.12 per share.

Income Calculator

At $1.39 / yr per share

Per payment (monthly)$11.58
Annual$139.00
Monthly avg$11.58
Full NMAI dividend calculator →

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