Nuveen Preferred and Income Term Fund (NYSE:JPI – Get Free Report) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.166 per share on Monday, December 2nd. This represents a $1.99 dividend on an annualized basis and a yield of 9.49%. The ex-dividend date is Friday, November 15th.
Nuveen Preferred and Income Term Fund has decreased its dividend by an average of 8.1% per year over the last three years.
Nuveen Preferred and Income Term Fund Price Performance
JPI traded up $0.15 during trading on Wednesday, reaching $20.98. 9,807 shares of the stock traded hands, compared to its average volume of 55,500. Nuveen Preferred and Income Term Fund has a fifty-two week low of $17.00 and a fifty-two week high of $21.42. The stock’s 50-day simple moving average is $20.68 and its two-hundred day simple moving average is $19.89.
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.
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