Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) announced a monthly dividend on Thursday, November 1st, NASDAQ reports. Shareholders of record on Thursday, November 15th will be paid a dividend of 0.112 per share by the investment management company on Monday, December 3rd. This represents a $1.34 annualized dividend and a dividend yield of 5.79%. The ex-dividend date is Wednesday, November 14th.
Nuveen Mortgage Opportunity Term Fund 2 has increased its dividend payment by an average of 20.0% per year over the last three years.
Shares of JMT stock traded up $0.10 during mid-day trading on Friday, hitting $23.20. The stock had a trading volume of 283 shares, compared to its average volume of 9,737. Nuveen Mortgage Opportunity Term Fund 2 has a 12-month low of $22.21 and a 12-month high of $25.40.
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Nuveen Mortgage Opportunity Term Fund 2 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.
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