Nuveen Mortgage Opportunity Term Fund 2 (JMT) to Issue Monthly Dividend of $0.11 on December 31st
Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) announced a monthly dividend on Monday, December 3rd, Zacks reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.112 per share by the investment management company on Monday, December 31st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date is Thursday, December 13th.
Nuveen Mortgage Opportunity Term Fund 2 has increased its dividend by an average of 20.0% annually over the last three years.
Shares of JMT stock traded up $0.21 on Friday, reaching $23.06. The stock had a trading volume of 9,862 shares, compared to its average volume of 9,513. Nuveen Mortgage Opportunity Term Fund 2 has a 12 month low of $22.21 and a 12 month high of $25.40.
About Nuveen Mortgage Opportunity Term Fund 2
Nuveen Mortgage Opportunity Term Fund 2 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.
Further Reading: Earnings Per Share (EPS) Explained
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