Nuveen Mortgage Opportunity Term Fund (JLS) Declares Monthly Dividend of $0.11
Nuveen Mortgage Opportunity Term Fund (NYSE:JLS) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.1135 per share on Friday, December 1st. This represents a $1.36 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Tuesday, November 14th.
Nuveen Mortgage Opportunity Term Fund has decreased its dividend payment by an average of 15.4% annually over the last three years.
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About Nuveen Mortgage Opportunity Term Fund
Nuveen Mortgage Opportunity Term Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to generate attractive total returns through opportunistic investments in mortgage-backed security (MBS). It seeks to achieve its investment objective by investing primarily in non-agency residential MBS and commercial MBS.
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