Nuveen Preferred & Income Securities Fnd to Issue Monthly Dividend of $0.06 (NYSE:JPS)
Nuveen Preferred & Income Securities Fnd (NYSE:JPS) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.056 per share by the real estate investment trust on Friday, November 1st. This represents a $0.67 annualized dividend and a dividend yield of 6.76%. The ex-dividend date is Friday, October 11th.
Nuveen Preferred & Income Securities Fnd has increased its dividend by an average of 3.2% annually over the last three years.
Shares of Nuveen Preferred & Income Securities Fnd stock opened at $9.94 on Wednesday. The company has a 50-day moving average of $9.80 and a 200 day moving average of $9.49. Nuveen Preferred & Income Securities Fnd has a 1 year low of $7.32 and a 1 year high of $9.99.
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.
Further Reading: What is a SEC Filing?
Receive News & Ratings for Nuveen Preferred & Income Securities Fnd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Preferred & Income Securities Fnd and related companies with MarketBeat.com's FREE daily email newsletter.