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

Nuveen Preferred and Income Term Fund (NYSE:JPI) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.166 per share on Tuesday, December 31st. This represents a $1.99 annualized dividend and a yield of 9.67%. The ex-dividend date of this dividend is Friday, December 13th.

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

Nuveen Preferred and Income Term Fund Stock Up 0.1 %

Shares of JPI traded up $0.03 during trading hours on Tuesday, hitting $20.59. The stock had a trading volume of 8,687 shares, compared to its average volume of 54,081. Nuveen Preferred and Income Term Fund has a 52 week low of $17.67 and a 52 week high of $21.42. The company’s fifty day moving average is $20.86 and its two-hundred day moving average is $20.03.

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.