Nuveen Preferred & Income Securities Fnd (NYSE:JPS) declared a monthly dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.056 per share by the real estate investment trust on Tuesday, September 3rd. This represents a $0.67 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date is Wednesday, August 14th.
Nuveen Preferred & Income Securities Fnd has raised its dividend payment by an average of 3.2% annually over the last three years.
Shares of JPS opened at $9.77 on Tuesday. The firm has a 50-day moving average of $9.63. Nuveen Preferred & Income Securities Fnd has a 52-week low of $7.32 and a 52-week 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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