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

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders 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 Stock Performance

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

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.