Nuveen Preferred and Income Term Fund (NYSE:JPI – Get Free Report) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.166 per share on Tuesday, April 1st. This represents a $1.99 annualized dividend and a dividend yield of 9.93%. The ex-dividend date is Friday, March 14th.
Nuveen Preferred and Income Term Fund has decreased its dividend by an average of 2.6% annually over the last three years.
Nuveen Preferred and Income Term Fund Stock Down 0.2 %
NYSE JPI traded down $0.05 on Tuesday, hitting $20.07. 50,303 shares of the company were exchanged, compared to its average volume of 25,129. Nuveen Preferred and Income Term Fund has a 12 month low of $18.68 and a 12 month high of $21.42. The stock has a fifty day moving average of $20.01 and a 200-day moving average of $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.
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