Nuveen Mortgage and Income Fund (NYSE:JLS) to Issue Monthly Dividend of $0.15

Nuveen Mortgage and Income Fund (NYSE:JLS) declared a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be given a dividend of 0.1535 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 10.0%. The ex-dividend date is Friday, May 15th.

Nuveen Mortgage and Income Fund Stock Down 0.2%

NYSE:JLS traded down $0.05 during trading hours on Wednesday, hitting $18.51. 6,507 shares of the company’s stock traded hands, compared to its average volume of 18,140. Nuveen Mortgage and Income Fund has a twelve month low of $17.45 and a twelve month high of $19.09. The stock’s fifty day moving average price is $18.24 and its two-hundred day moving average price is $18.42.

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.