Nuveen Mortgage and Income Fund (NYSE:JLS) Plans Monthly Dividend of $0.15
by Renee Jackson · The Cerbat GemNuveen Mortgage and Income Fund (NYSE:JLS – Get Free Report) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.1535 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Wednesday, April 15th.
Nuveen Mortgage and Income Fund Price Performance
NYSE:JLS traded down $0.09 during mid-day trading on Monday, reaching $18.48. The company’s stock had a trading volume of 2,112 shares, compared to its average volume of 18,110. Nuveen Mortgage and Income Fund has a 12-month low of $17.43 and a 12-month high of $19.09. The firm’s fifty day moving average price is $18.34 and its two-hundred day moving average price is $18.47.
Nuveen Mortgage and Income Fund Company Profile
Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company that primarily invests in U.S. residential mortgage-backed securities. The fund seeks to generate current income with the potential for capital appreciation by allocating assets across a diversified portfolio of agency and non-agency residential mortgage-backed securities, adjustable-rate mortgage securities and mortgage servicing rights. To enhance returns, the fund may employ leverage through repurchase agreements, preferred shares or other financing arrangements.
Since its inception in July 2006, Nuveen Mortgage and Income Fund has focused on navigating various interest-rate and credit-cycle environments through active duration management and credit analysis.