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

Nuveen Preferred and Income Term Fund (NYSE:JPI) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.166 per share on Monday, February 3rd. This represents a $1.99 dividend on an annualized basis and a yield of 10.07%. The ex-dividend date of this dividend is Wednesday, January 15th.

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 JPI opened at $19.78 on Monday. The firm has a fifty day moving average price of $20.31 and a 200-day moving average price of $20.18. Nuveen Preferred and Income Term Fund has a 12-month low of $18.26 and a 12-month high of $21.42.

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.