Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) declared a monthly dividend on Friday, February 1st, Zacks reports. Shareholders of record on Friday, February 15th will be given a dividend of 0.112 per share by the investment management company on Friday, March 1st. This represents a $1.34 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend is Thursday, February 14th.
Nuveen Mortgage Opportunity Term Fund 2 has raised its dividend payment by an average of 8.0% per year over the last three years.
NYSE JMT traded up $0.32 during trading on Friday, reaching $22.64. 6,937 shares of the company’s stock traded hands, compared to its average volume of 12,289. Nuveen Mortgage Opportunity Term Fund 2 has a 12-month low of $21.65 and a 12-month high of $23.61.
Nuveen Mortgage Opportunity Term Fund 2 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.
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