Nuveen Preferred and Income Term Fund Declares Monthly Dividend of $0.17 (NYSE:JPI)

Nuveen Preferred and Income Term Fund (NYSE:JPI) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.166 per share on Monday, February 3rd. This represents a $1.99 annualized dividend and a dividend yield of 10.01%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Preferred and Income Term Fund has decreased its dividend by an average of 8.1% annually over the last three years.

Nuveen Preferred and Income Term Fund Stock Up 0.6 %

JPI traded up $0.11 during midday trading on Friday, reaching $19.90. 15,294 shares of the company’s stock were exchanged, compared to its average volume of 18,747. The business has a 50-day simple moving average of $20.45 and a two-hundred day simple moving average of $20.14. Nuveen Preferred and Income Term Fund has a one year low of $18.26 and a one year high of $21.42.

Nuveen Preferred and Income Term Fund Company Profile

Nuveen Preferred and Income Term Fund is a close ended balanced mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests into public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies that are operating in financial services sectors such as bank, insurance, REITs, and utility companies.