Nuveen Mortgage and Income Fund (JLS) to Issue Monthly Dividend of $0.15 on May 1st

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.1535 per share on Thursday, May 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 10.61%. The ex-dividend date of this dividend is Tuesday, April 15th.

Nuveen Mortgage and Income Fund Trading Down 4.1 %

Shares of NYSE JLS opened at $17.36 on Friday. The stock has a fifty day moving average price of $18.78 and a 200 day moving average price of $18.49. Nuveen Mortgage and Income Fund has a 12-month low of $16.92 and a 12-month high of $19.25.

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.