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

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.1535 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date is Monday, June 15th.

Nuveen Mortgage and Income Fund Price Performance

Shares of NYSE JLS opened at $18.09 on Tuesday. The business’s 50-day simple moving average is $18.28 and its 200-day simple moving average is $18.38. Nuveen Mortgage and Income Fund has a 52 week low of $17.45 and a 52 week high of $19.09.

Institutional Trading of Nuveen Mortgage and Income Fund

Several hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC bought a new stake in shares of Nuveen Mortgage and Income Fund in the 4th quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in shares of Nuveen Mortgage and Income Fund in the 4th quarter worth approximately $54,000. LPL Financial LLC lifted its position in shares of Nuveen Mortgage and Income Fund by 13.4% in the 4th quarter. LPL Financial LLC now owns 11,564 shares of the company’s stock worth $210,000 after acquiring an additional 1,365 shares during the period. Stifel Financial Corp bought a new stake in shares of Nuveen Mortgage and Income Fund in the 4th quarter worth approximately $218,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Nuveen Mortgage and Income Fund in the 4th quarter worth approximately $247,000.

About Nuveen Mortgage and Income Fund

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.