Looking at the universe of stocks we cover at Dividend Channel, on 8/13/13, Nuveen Preferred and Income Term Fund (JPI) will trade ex-dividend, for its monthly dividend of $0.169, payable on 9/3/13. As a percentage of JPI's recent stock price of $23.49, 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 8/13/13.
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 8.63% on annualized basis is a reasonable expectation of annual yield going forward.In Friday trading, Nuveen Preferred and Income Term Fund shares are currently up about 0.1% on the day.
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