Nuveen Real Estate Income Fund (NYSE:JRS) Raises Dividend to $0.19 Per Share

Nuveen Real Estate Income Fund (NYSE:JRS) announced a quarterly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.19 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Monday, June 15th. This is a 11.8% increase from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17.

Nuveen Real Estate Income Fund Trading Down 2.2%

Shares of NYSE:JRS opened at $8.09 on Tuesday. Nuveen Real Estate Income Fund has a 52-week low of $7.12 and a 52-week high of $8.38. The company has a 50-day simple moving average of $7.95 and a 200 day simple moving average of $7.86.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund (NYSE: JRS) is a diversified closed-end management investment company that seeks to provide shareholders with attractive levels of current income. The fund pursues its objective through investments primarily in equity and debt securities of real estate companies, including publicly traded REITs, real estate operating companies and mortgage-backed securities. By holding a mixture of equity and fixed-income positions, it aims to achieve a balance of income generation and potential for capital appreciation.

The fund’s portfolio construction emphasizes diversification across geographic regions and real estate sectors.