Looking at the universe of stocks we cover at Dividend Channel, on 7/11/13, Nuveen Preferred and Income Term Fund (JPI) will trade ex-dividend, for its monthly dividend of $0.169, payable on 8/1/13. As a percentage of JPI's recent stock price of $23.60, this dividend works out to approximately 0.72%, so look for shares of Nuveen Preferred and Income Term Fund to trade 0.72% lower — all else being equal — when JPI shares open for trading on 7/11/13.
Below is a dividend history chart for JPI, showing historical dividends prior to the most recent $0.169 declared by Nuveen Preferred and Income Term Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from JPI is likely to continue, and whether the current estimated yield of 8.59% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of JPI shares, versus its 200 day moving average:Looking at the chart above, JPI's low point in its 52 week range is $22.25 per share, with $26.42 as the 52 week high point — that compares with a last trade of $23.60.
In Wednesday trading, Nuveen Preferred and Income Term Fund shares are currently up about 0.7% on the day.