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

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.1535 per share on Monday, February 3rd. This represents a $1.84 annualized dividend and a dividend yield of 10.10%. The ex-dividend date is Wednesday, January 15th.

Nuveen Mortgage and Income Fund Trading Up 0.5 %

Shares of JLS stock traded up $0.09 during trading hours on Friday, reaching $18.23. The company’s stock had a trading volume of 12,663 shares, compared to its average volume of 11,582. Nuveen Mortgage and Income Fund has a fifty-two week low of $16.61 and a fifty-two week high of $19.15. The firm’s 50 day simple moving average is $18.26 and its 200-day simple moving average is $18.20.

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.