Nuveen Preferred and Income Term Fund (NYSE:JPI) Plans $0.10 Monthly Dividend

Nuveen Preferred and Income Term Fund (NYSE:JPI) declared a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.098 per share on Tuesday, September 3rd. This represents a $1.18 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date is Thursday, August 15th.

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

Nuveen Preferred and Income Term Fund Price Performance

JPI traded up $0.01 on Friday, reaching $19.86. The stock had a trading volume of 71,654 shares, compared to its average volume of 55,165. The firm has a 50-day moving average of $19.52 and a 200-day moving average of $19.11. Nuveen Preferred and Income Term Fund has a fifty-two week low of $16.25 and a fifty-two week high of $19.90.

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.