Nuveen Preferred and Income Term Fund (NYSE:JPI – Get Free Report) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Monday, July 15th will be paid a dividend of 0.098 per share on Thursday, August 1st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date is Monday, July 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 Trading Down 0.2 %
JPI stock opened at $19.43 on Wednesday. Nuveen Preferred and Income Term Fund has a 1-year low of $16.25 and a 1-year high of $19.55. The firm has a fifty day moving average price of $19.24 and a two-hundred day moving average price of $18.89.
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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