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

Nuveen Preferred and Income Term Fund (NYSE:JPI) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be paid 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 of this dividend 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 Price Performance

Shares of NYSE:JPI traded down $0.05 during trading on Tuesday, hitting $20.07. 50,303 shares of the stock were exchanged, compared to its average volume of 25,129. The company has a fifty day moving average price of $20.01 and a two-hundred day moving average price of $20.29. Nuveen Preferred and Income Term Fund has a 12-month low of $18.68 and a 12-month 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.