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

Nuveen Preferred and Income Term Fund (NYSE:JPI) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be paid a dividend of 0.166 per share on Monday, March 3rd. This represents a $1.99 dividend on an annualized basis and a yield of 9.80%. The ex-dividend date is Friday, February 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 Stock Up 0.7 %

JPI stock traded up $0.14 during mid-day trading on Tuesday, reaching $20.33. 26,441 shares of the company traded hands, compared to its average volume of 23,306. The company has a fifty day moving average price of $20.09 and a 200-day moving average price of $20.23. Nuveen Preferred and Income Term Fund has a 52-week low of $18.46 and a 52-week high of $21.42.

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.