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

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be paid a dividend of 0.1535 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen Mortgage and Income Fund Price Performance

Nuveen Mortgage and Income Fund stock traded up $0.02 during trading hours on Wednesday, hitting $18.39. The company had a trading volume of 4,554 shares, compared to its average volume of 19,451. Nuveen Mortgage and Income Fund has a 1 year low of $16.80 and a 1 year high of $19.25. The company has a 50-day moving average price of $18.44 and a two-hundred day moving average price of $18.62.

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.