Nuveen Preferred & Income Securities Fnd (NYSE:JPS) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.056 per share by the real estate investment trust on Tuesday, December 31st. This represents a $0.67 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date is Thursday, December 12th.
JPS remained flat at $$10.20 during trading on Wednesday. 327,581 shares of the company’s stock were exchanged, compared to its average volume of 517,985. Nuveen Preferred & Income Securities Fnd has a twelve month low of $7.32 and a twelve month high of $10.30. The business’s 50-day simple moving average is $10.03 and its two-hundred day simple moving average is $9.71.
About Nuveen Preferred & Income Securities Fnd
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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