Nuveen Mortgage and Income Fund (JLS) to Issue Monthly Dividend of $0.15 on March 2nd

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Friday, February 13th will be paid a dividend of 0.1535 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Friday, February 13th.

Nuveen Mortgage and Income Fund Price Performance

NYSE:JLS opened at $18.53 on Wednesday. Nuveen Mortgage and Income Fund has a fifty-two week low of $16.80 and a fifty-two week high of $19.25. The business has a 50 day moving average price of $18.38 and a 200-day moving average price of $18.66.

Institutional Investors Weigh In On Nuveen Mortgage and Income Fund

A number of large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its holdings in shares of Nuveen Mortgage and Income Fund by 22.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 197,936 shares of the company’s stock worth $3,709,000 after acquiring an additional 36,688 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Nuveen Mortgage and Income Fund during the fourth quarter valued at approximately $247,000. Envestnet Asset Management Inc. raised its holdings in Nuveen Mortgage and Income Fund by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 104,937 shares of the company’s stock worth $1,967,000 after purchasing an additional 7,987 shares in the last quarter. Fiera Capital Corp lifted its position in Nuveen Mortgage and Income Fund by 31.0% during the third quarter. Fiera Capital Corp now owns 32,977 shares of the company’s stock valued at $617,000 after buying an additional 7,800 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. grew its position in shares of Nuveen Mortgage and Income Fund by 5.8% in the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 97,391 shares of the company’s stock worth $1,825,000 after buying an additional 5,377 shares during the period.

About Nuveen Mortgage and Income Fund

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.