Nuveen Mortgage and Income Fund (NYSE:JLS) Increases Dividend to $0.15 Per Share

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.154 per share on Friday, November 1st. This represents a $1.85 annualized dividend and a yield of 9.95%. 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 Trading Up 0.3 %

Shares of JLS stock opened at $18.58 on Thursday. Nuveen Mortgage and Income Fund has a 1 year low of $15.48 and a 1 year high of $18.64. The business’s fifty day moving average is $18.13 and its 200-day moving average is $17.86.

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.