Nuveen Mortgage Opportunity Term Fund (NYSE:JLS) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.1135 per share on Tuesday, December 31st. This represents a $1.36 annualized dividend and a dividend yield of 6.08%. The ex-dividend date is Thursday, December 12th. This is an increase from Nuveen Mortgage Opportunity Term Fund’s previous monthly dividend of $0.11.
Shares of JLS stock opened at $22.39 on Tuesday. Nuveen Mortgage Opportunity Term Fund has a one year low of $22.06 and a one year high of $23.76. The company’s 50-day moving average is $22.43 and its 200 day moving average is $22.92.
Nuveen Mortgage Opportunity Term Fund Company Profile
Nuveen Mortgage Opportunity Term 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.
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