Nuveen Mortgage and Income Fund (NYSE:JLS) Plans Monthly Dividend of $0.14

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.142 per share on Monday, June 3rd. This represents a $1.70 annualized dividend and a yield of 9.65%. The ex-dividend date of this dividend is Tuesday, May 14th.

Nuveen Mortgage and Income Fund has increased its dividend payment by an average of 17.1% per year over the last three years and has raised its dividend every year for the last 1 years.

Nuveen Mortgage and Income Fund Stock Performance

Shares of Nuveen Mortgage and Income Fund stock traded up $0.16 during trading on Friday, reaching $17.66. The company had a trading volume of 12,704 shares, compared to its average volume of 23,034. Nuveen Mortgage and Income Fund has a fifty-two week low of $15.48 and a fifty-two week high of $17.97. The firm’s fifty day moving average is $17.54 and its 200-day moving average is $16.95.

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.