Nuveen Preferred & Income Securities Fnd to Issue Monthly Dividend of $0.06 (JPS)
Nuveen Preferred & Income Securities Fnd (NYSE:JPS) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.062 per share by the real estate investment trust on Friday, December 1st. This represents a $0.74 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend is Tuesday, November 14th.
Nuveen Preferred & Income Securities Fnd has raised its dividend by an average of 3.0% per year over the last three years.
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About Nuveen Preferred & Income Securities Fnd
Nuveen Preferred & Income Securities Fund, formerly Nuveen Preferred Securities Income Fund, is a diversified, closed-end management investment company. The Fund’s primary investment objective is high current income consistent with capital preservation. The Fund’s secondary objective is to enhance portfolio value.
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