Nuveen Preferred and Income Term Fund (JPI) To Go Ex-Dividend on November 15th

Nuveen Preferred and Income Term Fund (NYSE:JPI) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.166 per share on Monday, December 2nd. This represents a $1.99 annualized dividend and a dividend yield of 9.58%. The ex-dividend date of this dividend is Friday, November 15th.

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

Nuveen Preferred and Income Term Fund Price Performance

Shares of NYSE JPI traded down $0.03 during midday trading on Wednesday, hitting $20.80. 11,203 shares of the company traded hands, compared to its average volume of 55,506. Nuveen Preferred and Income Term Fund has a 12-month low of $17.00 and a 12-month high of $21.42. The stock has a 50-day moving average price of $20.68 and a 200 day moving average price of $19.89.

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.