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

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.1535 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Mortgage and Income Fund Price Performance

Shares of JLS stock opened at $16.88 on Thursday. Nuveen Mortgage and Income Fund has a 52-week low of $16.77 and a 52-week high of $19.09. The business has a 50-day simple moving average of $17.26 and a 200-day simple moving average of $17.86.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

Institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its holdings in Nuveen Mortgage and Income Fund by 2.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 203,429 shares of the company’s stock worth $3,804,000 after buying an additional 5,493 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Nuveen Mortgage and Income Fund by 6.9% in the 4th quarter. Osaic Holdings Inc. now owns 78,419 shares of the company’s stock valued at $1,426,000 after buying an additional 5,076 shares in the last quarter. Fiera Capital Corp grew its holdings in shares of Nuveen Mortgage and Income Fund by 105.3% in the fourth quarter. Fiera Capital Corp now owns 67,693 shares of the company’s stock valued at $1,231,000 after purchasing an additional 34,716 shares during the period. Compound Planning Inc. grew its stake in shares of Nuveen Mortgage and Income Fund by 224.8% in the 4th quarter. Compound Planning Inc. now owns 41,705 shares of the company’s stock valued at $759,000 after buying an additional 28,863 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Nuveen Mortgage and Income Fund by 128.6% during the 1st quarter. Cetera Investment Advisers now owns 40,038 shares of the company’s stock worth $726,000 after buying an additional 22,527 shares during the last quarter.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company that primarily invests in U.S. residential mortgage-backed securities. The fund seeks to generate current income with the potential for capital appreciation by allocating assets across a diversified portfolio of agency and non-agency residential mortgage-backed securities, adjustable-rate mortgage securities and mortgage servicing rights. To enhance returns, the fund may employ leverage through repurchase agreements, preferred shares or other financing arrangements.

Since its inception in July 2006, Nuveen Mortgage and Income Fund has focused on navigating various interest-rate and credit-cycle environments through active duration management and credit analysis.