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

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of 0.1535 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen Mortgage and Income Fund Price Performance

Shares of JLS opened at $17.25 on Tuesday. The company’s fifty day moving average price is $17.58 and its 200-day moving average price is $18.09. Nuveen Mortgage and Income Fund has a 1-year low of $17.14 and a 1-year high of $19.09.

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.