Snatch This Cheap 10.3% Yielder Even Lower Than Vice President and Treasurer Jones Did

By Dividend Channel Staff, Tuesday, April 9, 9:58 AM ET

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on April 4, Nuveen Real Asset Income and Growth Fund's Vice President and Treasurer, Nathaniel T. Jones, invested $11,600.00 into 1,000 shares of JRI, for a cost per share of $11.60. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Tuesday, bargain hunters could buy shares of Nuveen Real Asset Income and Growth Fund (NYSE:JRI) and achieve a cost basis even cheaper than Jones, with shares changing hands as low as $11.56 per share. Nuveen Real Asset Income and Growth Fund shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of JRI shares, versus its 200 day moving average:

Nuveen Real Asset Income and Growth Fund Chart

Looking at the chart above, JRI's low point in its 52 week range is $9.70 per share, with $12.12 as the 52 week high point — that compares with a last trade of $11.63. By comparison, below is a table showing the prices at which JRI insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
04/04/2024	Nathaniel T. Jones	Vice President and Treasurer	1,000	$11.60	$11,600.00

The current annualized dividend paid by Nuveen Real Asset Income and Growth Fund is $1.2/share, currently paid in monthly installments, and its most recent dividend has an upcoming ex-date of 04/12/2024. Below is a long-term dividend history chart for JRI, which can be of good help in judging whether the most recent dividend with approx. 10.3% annualized yield is likely to continue.

Free Report: Top 8%+ Dividends (paid monthly)

This Article's Word Cloud: April Arial Asset Back Bargain Bargains Below Cheaper Dividend Dividends Free Fund Growth Income Jones Nathaniel Nuveen President Real Treasurer Vice about annualized below buying chart cost currently dividend escape fillColor hunters insider last monthly most only paid point reason recent share shares stock that their trading week which with

Snatch This Cheap 10.3% Yielder Even Lower Than Vice President and Treasurer Jones Did

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