Noteworthy Dividend Flows: Will Dec 1, 2016 be the day Nuveen Quality Preferred Income Fund 2 (NYSE:JPS) makes dividends of $0.06?

Noteworthy Dividend Flows: Will Dec 1, 2016 be the day Nuveen Quality Preferred Income Fund 2 (NYSE:JPS) makes dividends of $0.06?

Nuveen Quality Preferred Income Fund 2 (NYSE:JPS) is expected to pay $0.06 on Dec 1, 2016. The indicated annual dividend is $1.09. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Nuveen Quality Preferred Income Fund 2’s current price of $9.23, the dividend is 0.67%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 2, 2016. The stock decreased 0.32% or $0.03 on November 8, hitting $9.23. Nuveen Preferred Securities Income Fund (NYSE:JPS) has risen 3.94% since April 7, 2016 and is uptrending. It has underperformed by 0.84% the S&P500.

Nuveen Preferred Securities Income Fund, formerly Nuveen Quality Preferred Income Fund 2, is a diversified, closed-end management investment company. The company has a market cap of $1.11 billion. The Fund’s primary investment objective is high current income consistent with capital preservation. It currently has negative earnings. The Fund’s secondary objective is to enhance portfolio value.

Insitutional Activity: The institutional sentiment increased to 4.48 in 2016 Q2. Its up 3.53, from 0.95 in 2016Q1. The ratio is positive, as 10 funds sold all Nuveen Preferred Securities Income Fund shares owned while 11 reduced positions. 43 funds bought stakes while 51 increased positions. They now own 39.59 million shares or 222.94% more from 12.26 million shares in 2016Q1.
Moreover, Seizert Capital Prtn Ltd Llc has 0.01% invested in Nuveen Preferred Securities Income Fund (NYSE:JPS) for 15,601 shares. Commonwealth Financial Service Ltd Limited Liability Company holds 1,234 shares or 0.01% of its portfolio. Commonwealth Equity Ser has 0.04% invested in the company for 484,469 shares. Barclays Plc accumulated 700 shares or 0% of the stock. Fiduciary Financial Service Of The Southwest Tx last reported 0.44% of its portfolio in the stock. Ifc Hldgs Inc Fl reported 198,318 shares or 0.21% of all its holdings. Moreover, Raymond James Services has 0.03% invested in Nuveen Preferred Securities Income Fund (NYSE:JPS) for 321,010 shares. Endowment Mngmt Lp owns 243,569 shares or 0.48% of their US portfolio. Hollencrest Securities Ltd Llc holds 0.02% of its portfolio in Nuveen Preferred Securities Income Fund (NYSE:JPS) for 10,601 shares. Advsrs Ltd Co has invested 0.18% of its portfolio in Nuveen Preferred Securities Income Fund (NYSE:JPS). Bb&T Securities Lc reported 24,151 shares or 0% of all its holdings. Moreover, Raymond James & Associate has 0% invested in Nuveen Preferred Securities Income Fund (NYSE:JPS) for 129,867 shares. Commercial Bank Of America De has 0% invested in the company for 1.24M shares. Sei Investments holds 3,900 shares or 0% of its portfolio. City Holding last reported 0.02% of its portfolio in the stock.

JPS Company Profile

Nuveen Quality Preferred Income Fund II (the Fund) is a non-diversified, closed-end management investment company. The Fund intends to invest in a portfolio of preferred securities, debt securities, including convertible debt securities and convertible preferred securities.

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