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 Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.1535 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Friday, May 15th.

Nuveen Mortgage and Income Fund Stock Performance

NYSE JLS traded down $0.05 on Wednesday, reaching $18.51. The stock had a trading volume of 6,507 shares, compared to its average volume of 18,140. The business has a 50 day moving average price of $18.24 and a 200 day moving average price of $18.42. Nuveen Mortgage and Income Fund has a 1 year low of $17.45 and a 1 year high of $19.09.

Nuveen Mortgage and Income Fund Company Profile

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.