Nuveen Preferred & Income Securities Fnd (JPS) to Issue Monthly Dividend of $0.06 on September 3rd
Nuveen Preferred & Income Securities Fnd (NYSE:JPS) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.056 per share by the real estate investment trust on Tuesday, September 3rd. This represents a $0.67 annualized dividend and a dividend yield of 6.90%. The ex-dividend date is Wednesday, August 14th.
Nuveen Preferred & Income Securities Fnd has raised its dividend by an average of 3.2% per year over the last three years.
Shares of JPS traded up $0.02 during trading hours on Monday, hitting $9.74. 10,950 shares of the company were exchanged, compared to its average volume of 591,586. The business’s fifty day moving average is $9.61. Nuveen Preferred & Income Securities Fnd has a one year low of $7.32 and a one year high of $9.87.
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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