Nuveen Mortgage and Income Fund (JLS) to Issue Monthly Dividend of $0.15 on October 1st

by · The Markets Daily

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

Nuveen Mortgage and Income Fund Trading Up 0.2%

JLS stock opened at $16.85 on Friday. The business’s fifty day moving average price is $17.18 and its 200 day moving average price is $17.78. Nuveen Mortgage and Income Fund has a 12-month low of $16.77 and a 12-month high of $19.09.

About Nuveen Mortgage and Income Fund

(Get Free Report)

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.

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