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

Nuveen Preferred and Income Term Fund (NYSE:JPI) declared 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 annualized dividend 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% annually over the last three years.

Nuveen Preferred and Income Term Fund Price Performance

NYSE JPI traded up $0.14 during trading on Tuesday, hitting $20.33. The company’s stock had a trading volume of 26,441 shares, compared to its average volume of 23,306. Nuveen Preferred and Income Term Fund has a fifty-two week low of $18.46 and a fifty-two week high of $21.42. The business’s 50 day simple moving average is $20.09 and its 200-day simple moving average is $20.23.

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.