Nuveen Preferred and Income Term Fund (JPI) to Issue Monthly Dividend of $0.17 on December 2nd

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 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date is Friday, November 15th.

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

Nuveen Preferred and Income Term Fund Stock Performance

Shares of Nuveen Preferred and Income Term Fund stock traded up $0.15 during midday trading on Wednesday, hitting $20.98. The company’s stock had a trading volume of 9,807 shares, compared to its average volume of 55,500. The stock has a 50-day simple moving average of $20.68 and a 200-day simple moving average of $19.89. Nuveen Preferred and Income Term Fund has a 1-year low of $17.00 and a 1-year 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.