Nuveen Preferred Securities Income Fund (NYSE:JPS) Declares $0.05 Monthly Dividend

Nuveen Preferred Securities Income Fund (NYSE:JPS) announced a monthly dividend on Monday, January 3rd, Zacks reports. Stockholders of record on Friday, January 14th will be paid a dividend of 0.051 per share by the real estate investment trust on Tuesday, February 1st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date is Thursday, January 13th.

Nuveen Preferred Securities Income Fund has decreased its dividend by 13.7% over the last three years.

Shares of Nuveen Preferred Securities Income Fund stock opened at $9.73 on Wednesday. Nuveen Preferred Securities Income Fund has a 52-week low of $9.12 and a 52-week high of $10.07. The business’s 50-day moving average price is $9.53.

An institutional investor recently raised its position in Nuveen Preferred Securities Income Fund stock. Morgan Stanley lifted its position in shares of Nuveen Preferred Securities Income Fund (NYSE:JPS) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,432,946 shares of the real estate investment trust’s stock after acquiring an additional 53,924 shares during the quarter. Morgan Stanley’s holdings in Nuveen Preferred Securities Income Fund were worth $24,232,000 at the end of the most recent quarter.

Nuveen Preferred Securities Income Fund Company Profile

Nuveen Preferred & Income Securities Fund is a closed-end investment fund. The firm’s investment objective is to seek high current income consistent with capital preservation with a secondary objective to enhance portfolio value relative to the broad market for preferred securities. The company was founded on June 24, 2002 and is headquartered in Chicago, IL.

Further Reading: What does a dividend yield signify to investors?

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

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