Nuveen Mortgage and Income Fund (JLS) to Issue Monthly Dividend of $0.15 on August 3rd

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.1535 per share on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Wednesday, July 15th.

Nuveen Mortgage and Income Fund Price Performance

JLS stock opened at $17.45 on Friday. Nuveen Mortgage and Income Fund has a 12-month low of $17.29 and a 12-month high of $19.09. The stock’s 50 day simple moving average is $17.98 and its 200 day simple moving average is $18.21.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company that primarily invests in U.S. residential mortgage-backed securities. The fund seeks to generate current income with the potential for capital appreciation by allocating assets across a diversified portfolio of agency and non-agency residential mortgage-backed securities, adjustable-rate mortgage securities and mortgage servicing rights. To enhance returns, the fund may employ leverage through repurchase agreements, preferred shares or other financing arrangements.

Since its inception in July 2006, Nuveen Mortgage and Income Fund has focused on navigating various interest-rate and credit-cycle environments through active duration management and credit analysis.