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

Nuveen Preferred and Income Term Fund (NYSE:JPI) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.166 per share on Monday, March 3rd. This represents a $1.99 dividend on an annualized basis and a dividend yield of 9.80%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen Preferred and Income Term Fund has decreased its dividend by an average of 2.6% per year over the last three years.

Nuveen Preferred and Income Term Fund Price Performance

NYSE JPI traded up $0.14 during mid-day trading on Tuesday, reaching $20.33. The 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 1 year low of $18.46 and a 1 year high of $21.42. The company has a fifty day moving average price of $20.09 and a 200 day moving average price of $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.