Nuveen Mortgage and Income Fund (NYSE:JLS) Increases Dividend to $0.15 Per Share
by Amy Steele · The Cerbat GemNuveen Mortgage and Income Fund (NYSE:JLS – Get Free Report) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.154 per share on Friday, November 1st. This represents a $1.85 annualized dividend and a yield of 9.89%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a positive change from Nuveen Mortgage and Income Fund’s previous monthly dividend of $0.15.
Nuveen Mortgage and Income Fund Price Performance
JLS opened at $18.69 on Friday. The firm has a 50-day simple moving average of $18.23 and a two-hundred day simple moving average of $17.91. Nuveen Mortgage and Income Fund has a 52 week low of $15.48 and a 52 week high of $18.90.
Nuveen Mortgage and Income Fund Company Profile
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.
Featured Stories
- Five stocks we like better than Nuveen Mortgage and Income Fund
- How to Use the MarketBeat Dividend Calculator
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- 3 Small Caps With Big Return Potential
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- The 3 Best Blue-Chip Stocks to Buy Now
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside