Nuveen Preferred and Income Term Fund (JPI) To Go Ex-Dividend on June 13th

Nuveen Preferred and Income Term Fund (NYSE:JPI) declared a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.166 per share on Tuesday, July 1st. This represents a $1.99 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date of this dividend is Friday, June 13th.

Nuveen Preferred and Income Term Fund Stock Up 0.6%

Shares of JPI opened at $20.40 on Thursday. Nuveen Preferred and Income Term Fund has a 52-week low of $17.20 and a 52-week high of $21.42. The business’s 50 day moving average is $19.78 and its two-hundred day moving average is $19.96.

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.