Nuveen Preferred and Income Term Fund (NYSEARCA:JPI) Plans Monthly Dividend of $0.13

Nuveen Preferred and Income Term Fund (NYSEARCA:JPIGet Rating) announced a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Investors of record on Friday, May 13th will be given a dividend of 0.1305 per share on Wednesday, June 1st. This represents a $1.57 annualized dividend and a dividend yield of 7.47%. The ex-dividend date is Thursday, May 12th.

JPI stock opened at $20.95 on Thursday. Nuveen Preferred and Income Term Fund has a 1 year low of $20.48 and a 1 year high of $26.48. The firm has a fifty day simple moving average of $21.70.

Institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC increased its holdings in shares of Nuveen Preferred and Income Term Fund by 1.9% during the 3rd quarter. LPL Financial LLC now owns 27,085 shares of the company’s stock worth $672,000 after purchasing an additional 492 shares during the period. UBS Group AG increased its holdings in shares of Nuveen Preferred and Income Term Fund by 35.5% during the 3rd quarter. UBS Group AG now owns 137,172 shares of the company’s stock worth $3,402,000 after purchasing an additional 35,912 shares during the period. Jane Street Group LLC bought a new position in shares of Nuveen Preferred and Income Term Fund during the 3rd quarter worth about $473,000. Invesco Ltd. increased its holdings in shares of Nuveen Preferred and Income Term Fund by 18.9% during the 4th quarter. Invesco Ltd. now owns 65,246 shares of the company’s stock worth $1,689,000 after purchasing an additional 10,357 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of Nuveen Preferred and Income Term Fund by 551.0% during the 4th quarter. Stifel Financial Corp now owns 174,281 shares of the company’s stock worth $4,510,000 after purchasing an additional 147,511 shares during the period.

About Nuveen Preferred and Income Term Fund (Get Rating)

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.

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Dividend History for Nuveen Preferred and Income Term Fund (NYSEARCA:JPI)

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