Nuveen Mortgage and Income Fund to Issue Monthly Dividend of $0.14 (NYSE:JLS)

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.142 per share on Monday, June 3rd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date is Tuesday, May 14th.

Nuveen Mortgage and Income Fund has increased its dividend by an average of 17.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Nuveen Mortgage and Income Fund Price Performance

NYSE:JLS traded up $0.16 during trading hours on Friday, hitting $17.66. 12,704 shares of the stock traded hands, compared to its average volume of 23,034. Nuveen Mortgage and Income Fund has a 1 year low of $15.48 and a 1 year high of $17.97. The stock has a 50 day moving average price of $17.54 and a 200 day moving average price of $16.95.

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.