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

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Friday, January 3rd,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 dividend yield of 10.10%. The ex-dividend date is Wednesday, January 15th.

Nuveen Mortgage and Income Fund Trading Up 0.5 %

Shares of JLS stock traded up $0.09 on Friday, reaching $18.23. 12,663 shares of the stock were exchanged, compared to its average volume of 11,582. The firm has a 50 day moving average of $18.26 and a two-hundred day moving average of $18.20. Nuveen Mortgage and Income Fund has a 1-year low of $16.61 and a 1-year 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.