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

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.1535 per share on Monday, March 3rd. This represents a $1.84 annualized dividend and a dividend yield of 9.81%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen Mortgage and Income Fund Price Performance

Nuveen Mortgage and Income Fund stock traded up $0.11 during trading on Tuesday, reaching $18.77. The company had a trading volume of 26,397 shares, compared to its average volume of 18,182. Nuveen Mortgage and Income Fund has a 12-month low of $16.61 and a 12-month high of $19.15. The stock’s 50 day moving average price is $18.41 and its two-hundred day moving average price is $18.28.

About Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund 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.