Nuveen Preferred & Income Stock (NYSE: JPC)

Nuveen Preferred & Income (NYSE:JPC) Stock, Quote.Headers.trade-ideas

Nuveen Preferred & Income

Nuveen Preferred & Income Opportunities Fund is a diversified closed-end management investment company. Its investment objective is to provide high current income and total return. It invests its managed assets in preferred securities, and in other types of securities, primarily income-oriented securities such as corporate and taxable municipal debt and common equity.

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Nuveen Preferred & Income Opportunities Fund

<p>Wednesday marks the last chance for investors to receive the next  dividend payout from <strong>Nuveen Preferred &amp; Income</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPC#NYSE">JPC</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Tuesday that it would pay shareholders a monthly dividend of 4.19 cents per share. On Thursday, Nuveen Preferred &amp; Income will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 4.19 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own JPC as of the end of Wednesday's session are eligible to receive the 4.19 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on December 01, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p><a href="https://www.benzinga.com/quote/JPC">Monitor live stock price updates for Nuveen Preferred &amp; Income on Benzinga.</a></p>


Dividends

Wednesday Is Your Last Chance To Buy Nuveen Preferred & Income Before The Dividend Payout

<p>Common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPT#NYSE">JPT</a>), Nuveen Preferred &amp; Income Securities Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPS#NYSE">JPS</a>), and Nuveen Preferred &amp; Income Opportunities Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPC#NYSE">JPC</a>) have approved a proposal to merge the funds. The mergers will combine each of JPT and JPS into JPC. Subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective before the market opens on November 6, 2023.</p>
<p>The monthly distributions typically declared the first business day of the month for JPT, JPS, and JPC will be replaced by pre-merger distributions declared on October 24, 2023 with a record date of November 3, 2023. The payable date will remain December 1, 2023. Following the mergers, the surviving fund, JPC, may declare a post-merger distribution, which, to the extent made, is expected to have a record date of November 16, 2023 and be payable December 1, 2023. The total per-common share dollar amount of the pre- and, to the extent made, post-merger distributions received by common shareholders of each fund on December 1, 2023 are expected to be equal to or greater than the per-common share dollar amount of the prior month's distribution of each fund prior to the mergers.</p>
<p>Nuveen is a leading sponsor of closed-end funds (CEFs) with $53 billion of assets under management across 51 CEFs as of 30 Jun 2023. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has more than 35 years of experience managing CEFs.</p>


Nuveen Preferred & Income Closed-End Funds Announce Shareholder Approval Of Proposed Mergers

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Eaton Vance California Municipal Bond Fund

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Blackrock Muniyield California Insured Fund

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Blackrock Muniyield New York Quality Fund

Neuberger Berman California Intermediate Municipal Fund

Nuveenn Intermediate Duration Quality Municipal Term Fund Common Shares of Beneficial Interest

Nuveen Municipal High Income Opportunity Fund

Nuveen New Jersey Dividend Advantage Municipal Fund

Nuveen Dividend Advantage Municipal Fund 3

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Invesco California Value Muni Income Trust

Invesco Trust For Investment Grade Municipals

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<p>On August 2, 2021, <strong>Nuveen Preferred &amp; Income</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPC#NYSE">JPC</a>) announced shareholders can expect to receive a dividend payable on September 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Nuveen Preferred &amp; Income is set for August 12, 2021. The company's current dividend payout sits at $0.05, equating to a dividend yield of 6.36% at current price levels. </p>
<h2>What Is An Ex-Dividend Date?</h2>
<p>An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.  </p>
<h2>Nuveen Preferred &amp; Income's Dividend History</h2>
<p>Over the past year, Nuveen Preferred &amp; Income has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on April 14, 2021 the company's payout was $0.05, which has returned to its value today. Nuveen Preferred &amp; Income's dividend yield last year was 6.7%, which has since decreased by 0.34%.<br />
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.  </p>
<p>To read more news on Nuveen Preferred &amp; Income <a href="https://www.benzinga.com/stock/jpc/">click here</a>.  </p>


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Nuveen Preferred & Income

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