Nuveen Mortgage Opp (NYSE:JLS) declared a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 13th will be paid a dividend of 0.1135 per share on Tuesday, May 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Thursday, April 12th.
Nuveen Mortgage Opp has increased its dividend by an average of 21.0% per year over the last three years.
Shares of JLS opened at $23.62 on Wednesday. Nuveen Mortgage Opp has a twelve month low of $23.34 and a twelve month high of $26.33.
About Nuveen Mortgage Opp
Nuveen Mortgage Opportunity Term Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to generate attractive total returns through opportunistic investments in mortgage-backed security (MBS). It seeks to achieve its investment objective by investing primarily in non-agency residential MBS and commercial MBS.
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