Nuveen Mortgage and Income Fund Announces Monthly Dividend of $0.08 (NYSE:JLS)

Nuveen Mortgage and Income Fund (NYSE:JLSGet Rating) declared a monthly dividend on Friday, April 1st, Zacks reports. Investors of record on Thursday, April 14th will be given a dividend of 0.083 per share on Monday, May 2nd. This represents a $1.00 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Wednesday, April 13th.

Shares of NYSE:JLS opened at $17.87 on Tuesday. Nuveen Mortgage and Income Fund has a 52-week low of $17.79 and a 52-week high of $21.82. The stock has a 50 day moving average price of $18.71.

Large investors have recently modified their holdings of the stock. Morgan Stanley increased its stake in Nuveen Mortgage and Income Fund by 2.8% in the third quarter. Morgan Stanley now owns 146,278 shares of the company’s stock valued at $3,035,000 after purchasing an additional 4,014 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Nuveen Mortgage and Income Fund by 8.2% in the 2nd quarter. Wells Fargo & Company MN now owns 57,044 shares of the company’s stock valued at $1,192,000 after purchasing an additional 4,317 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Nuveen Mortgage and Income Fund by 22.2% during the 4th quarter. Bank of America Corp DE now owns 66,453 shares of the company’s stock worth $1,393,000 after buying an additional 12,065 shares during the last quarter.

Nuveen Mortgage and Income Fund Company Profile (Get Rating)

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.

See Also

Dividend History for Nuveen Mortgage and Income Fund (NYSE:JLS)

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