Nuveen Preferred Income Opportunities Fd (JPC) to Issue Monthly Dividend of $0.07
Nuveen Preferred Income Opportunities Fd (NYSE:JPC) declared a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Investors of record on Friday, July 14th will be given a dividend of 0.065 per share by the financial services provider on Tuesday, August 1st. This represents a $0.78 annualized dividend and a yield of 7.51%. The ex-dividend date is Wednesday, July 12th.
Nuveen Preferred Income Opportunities Fd has increased its dividend by an average of 1.8% annually over the last three years.
Nuveen Preferred Income Opportunities Fd (JPC) traded up 0.10% during trading on Wednesday, reaching $10.39. 202,529 shares of the company traded hands. The company’s 50-day moving average price is $10.26 and its 200 day moving average price is $9.98. Nuveen Preferred Income Opportunities Fd has a 52 week low of $8.72 and a 52 week high of $10.56.
In other news, insider Nuveen Fund Advisors, Llc sold 7,000 shares of the company’s stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $9.86, for a total transaction of $69,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Nuveen Preferred Income Opportunities Fd Company Profile
Nuveen Preferred Income Opportunities Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is high current income; and its secondary objective is total return. The Fund invests at least 80% of its managed assets in preferred securities and up to 20% opportunistically over the market cycle in other types of securities, primarily income-oriented securities, such as corporate and taxable municipal debt, and common equity.
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