Nuveen Preferred and Income Term Fund to Issue Monthly Dividend of $0.17 (NYSE:JPI)

Nuveen Preferred and Income Term Fund (NYSE:JPI) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.166 per share on Tuesday, April 1st. This represents a $1.99 dividend on an annualized basis and a dividend yield of 9.93%. The ex-dividend date of this dividend is Friday, March 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

Shares of NYSE:JPI opened at $20.07 on Wednesday. Nuveen Preferred and Income Term Fund has a one year low of $18.68 and a one year high of $21.42. The company’s 50-day moving average price is $20.01 and its two-hundred day moving average price is $20.29.

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.