Nuveen Preferred and Income ETF (NASDAQ:NPFI) Announces Dividend Increase – $0.13 Per Share

Nuveen Preferred and Income ETF (NASDAQ:NPFI) announced a monthly dividend on Tuesday, April 30th, Wall Street Journal reports. Stockholders of record on Thursday, May 2nd will be given a dividend of 0.1266 per share on Friday, May 3rd. This represents a $1.52 annualized dividend and a dividend yield of 6.07%. The ex-dividend date is Wednesday, May 1st. This is a boost from Nuveen Preferred and Income ETF’s previous monthly dividend of $0.08.

Nuveen Preferred and Income ETF Stock Performance

Nuveen Preferred and Income ETF stock opened at $25.03 on Thursday. Nuveen Preferred and Income ETF has a 52-week low of $24.99 and a 52-week high of $25.51.

About Nuveen Preferred and Income ETF

The Nuveen Preferred and Income ETF (NPFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of institutional preferred securities and other income-producing debt securities primarily rated investment grade. The fund seeks a high level of current income and total return.