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

Nuveen Preferred and Income Term Fund (NYSE:JPI) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be paid a dividend of 0.166 per share on Tuesday, April 1st. This represents a $1.99 annualized dividend and a yield of 9.93%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen Preferred and Income Term Fund has decreased its dividend payment by an average of 2.6% per year over the last three years.

Nuveen Preferred and Income Term Fund Trading Down 0.2 %

NYSE JPI traded down $0.05 on Tuesday, hitting $20.07. The company’s stock had a trading volume of 50,303 shares, compared to its average volume of 25,129. Nuveen Preferred and Income Term Fund has a 1-year low of $18.68 and a 1-year high of $21.42. The company’s 50-day moving average is $20.01 and its 200 day moving average is $20.29.

About Nuveen Preferred and Income Term Fund

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.