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

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be paid a dividend of 0.1535 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Mortgage and Income Fund Price Performance

Shares of NYSE:JLS traded up $0.04 during midday trading on Wednesday, hitting $16.91. The company had a trading volume of 946 shares, compared to its average volume of 21,737. Nuveen Mortgage and Income Fund has a twelve month low of $16.77 and a twelve month high of $19.09. The business’s 50-day simple moving average is $17.27 and its 200-day simple moving average is $17.87.

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.