Nuveen Preferred Securities Income Fund (JPS) to Issue Monthly Dividend of $0.05 on June 1st

Nuveen Preferred Securities Income Fund (NYSE:JPSGet Rating) declared a monthly dividend on Monday, May 2nd, Zacks reports. Stockholders of record on Friday, May 13th will be paid a dividend of 0.047 per share by the real estate investment trust on Wednesday, June 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date is Thursday, May 12th.

Nuveen Preferred Securities Income Fund has decreased its dividend by an average of 4.8% annually over the last three years.

Shares of NYSE JPS opened at $7.43 on Tuesday. Nuveen Preferred Securities Income Fund has a 52-week low of $7.43 and a 52-week high of $10.07. The company has a 50 day moving average price of $8.05.

Several hedge funds have recently modified their holdings of JPS. Morgan Stanley increased its stake in shares of Nuveen Preferred Securities Income Fund by 2.3% during the second quarter. Morgan Stanley now owns 2,432,946 shares of the real estate investment trust’s stock valued at $24,232,000 after buying an additional 53,924 shares during the period. Citadel Advisors LLC purchased a new position in Nuveen Preferred Securities Income Fund during the third quarter valued at approximately $107,000. Flagship Harbor Advisors LLC lifted its holdings in Nuveen Preferred Securities Income Fund by 8.5% during the fourth quarter. Flagship Harbor Advisors LLC now owns 25,182 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 1,971 shares during the period. Stifel Financial Corp boosted its position in Nuveen Preferred Securities Income Fund by 3.6% during the 4th quarter. Stifel Financial Corp now owns 84,120 shares of the real estate investment trust’s stock valued at $817,000 after acquiring an additional 2,903 shares in the last quarter. Finally, NEXT Financial Group Inc grew its stake in Nuveen Preferred Securities Income Fund by 43.6% in the fourth quarter. NEXT Financial Group Inc now owns 85,461 shares of the real estate investment trust’s stock valued at $831,000 after purchasing an additional 25,934 shares during the last quarter.

About Nuveen Preferred Securities Income Fund (Get Rating)

Nuveen Preferred Securities Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Spectrum Asset Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade preferred debt securities, convertible debt securities, and convertible preferred securities that are rated BBB/Baa or better by S&P, Moody's, or Fitch.

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Dividend History for Nuveen Preferred Securities Income Fund (NYSE:JPS)

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