Nuveen Mortgage and Income Fund (NYSE:JLS) to Issue $0.15 Monthly Dividend

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.1535 per share on Monday, February 3rd. This represents a $1.84 annualized dividend and a dividend yield of 10.10%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Mortgage and Income Fund Stock Up 0.5 %

NYSE JLS opened at $18.23 on Friday. Nuveen Mortgage and Income Fund has a 1 year low of $16.61 and a 1 year high of $19.15. The business’s fifty day moving average is $18.25 and its two-hundred day moving average is $18.21.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. It invests in the fixed income markets of the United States. The fund invests in undervalued mortgage-backed securities consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities with a favorable total return potential.