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

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

Nuveen Mortgage and Income Fund Trading Up 0.5 %

Shares of NYSE JLS traded up $0.09 during mid-day trading on Friday, hitting $18.23. 12,663 shares of the stock traded hands, compared to its average volume of 11,582. Nuveen Mortgage and Income Fund has a twelve month low of $16.61 and a twelve month high of $19.15. The firm has a 50 day simple moving average of $18.26 and a two-hundred day simple moving average of $18.20.

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.