Nuveen Preferred & Income Securities Fnd (NYSE:JPS) to Issue $0.06 Monthly Dividend

Nuveen Preferred & Income Securities Fnd (NYSE:JPS) declared a monthly dividend on Thursday, January 2nd, Zacks reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.056 per share by the real estate investment trust on Monday, February 3rd. This represents a $0.67 annualized dividend and a yield of 6.67%. The ex-dividend date is Tuesday, January 14th.

Nuveen Preferred & Income Securities Fnd has increased its dividend payment by an average of 0.5% per year over the last three years.

Nuveen Preferred & Income Securities Fnd stock opened at $10.07 on Monday. Nuveen Preferred & Income Securities Fnd has a 52-week low of $8.44 and a 52-week high of $10.30. The firm has a 50 day moving average price of $10.04 and a two-hundred day moving average price of $9.85.

Nuveen Preferred & Income Securities Fnd Company Profile

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.

Featured Story: What are the benefits of a balanced fund?

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

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.