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

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.154 per share on Tuesday, September 3rd. This represents a $1.85 annualized dividend and a dividend yield of 10.23%. The ex-dividend date of this dividend is Thursday, August 15th. This is a positive change from Nuveen Mortgage and Income Fund’s previous monthly dividend of $0.15.

Nuveen Mortgage and Income Fund Stock Performance

Shares of JLS stock traded up $0.04 during trading on Wednesday, reaching $18.06. 986 shares of the company’s stock traded hands, compared to its average volume of 22,537. The firm’s 50-day moving average is $18.02 and its 200 day moving average is $17.61. Nuveen Mortgage and Income Fund has a 1 year low of $15.48 and a 1 year high of $18.45.

Nuveen Mortgage and Income Fund Company Profile

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.