Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Friday, October 1st, Zacks reports. Investors of record on Friday, October 15th will be paid a dividend of 0.083 per share on Monday, November 1st. This represents a $1.00 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Thursday, October 14th.
Nuveen Mortgage and Income Fund has decreased its dividend payment by 64.3% over the last three years and has increased its dividend annually for the last 2 consecutive years.
Shares of JLS traded up $0.08 during mid-day trading on Tuesday, reaching $21.00. 1,467 shares of the company’s stock were exchanged, compared to its average volume of 13,962. The company has a 50-day simple moving average of $21.08 and a two-hundred day simple moving average of $21.00. Nuveen Mortgage and Income Fund has a 52-week low of $18.14 and a 52-week high of $21.82.
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.
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