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. Investors 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 annualized dividend and a dividend yield of 5.92%. The ex-dividend date is Thursday, August 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 Price Performance

Shares of Nuveen Preferred and Income Term Fund stock traded up $0.01 on Friday, hitting $19.86. The company’s stock had a trading volume of 71,654 shares, compared to its average volume of 55,165. Nuveen Preferred and Income Term Fund has a 1 year low of $16.25 and a 1 year high of $19.90. The firm has a fifty day moving average price of $19.52 and a 200-day moving average price of $19.11.

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.