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

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be given a dividend of $0.1535 per share on Tuesday, December 1st. This represents a $1.84 annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen Mortgage and Income Fund Price Performance

Shares of Nuveen Mortgage and Income Fund stock opened at $16.52 on Tuesday. The business has a 50 day simple moving average of $16.47 and a two-hundred day simple moving average of $17.62. Nuveen Mortgage and Income Fund has a 12 month low of $16.01 and a 12 month high of $18.94.

Institutional Trading of Nuveen Mortgage and Income Fund

Several large investors have recently made changes to their positions in the company. Noble Wealth Management PBC purchased a new position in Nuveen Mortgage and Income Fund in the 3rd quarter valued at $27,000. Choreo LLC acquired a new stake in Nuveen Mortgage and Income Fund during the 3rd quarter worth $171,000. Concorde Asset Management LLC grew its holdings in shares of Nuveen Mortgage and Income Fund by 18.5% during the first quarter. Concorde Asset Management LLC now owns 27,080 shares of the company’s stock worth $495,000 after buying an additional 4,230 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen Mortgage and Income Fund by 14.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 33,944 shares of the company’s stock worth $593,000 after buying an additional 4,361 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Nuveen Mortgage and Income Fund by 12.7% during the first quarter. First Trust Advisors LP now owns 35,876 shares of the company’s stock worth $650,000 after buying an additional 4,035 shares in the last quarter.

Nuveen Mortgage and Income Fund Company Profile

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company designed to provide current income and, to a lesser extent, capital appreciation. The fund is managed by Nuveen, the investment management arm of TIAA, and is listed on the New York Stock Exchange.

JLS invests primarily in mortgage-related securities and other income-producing debt instruments. Its portfolio may include residential and commercial mortgage-backed securities, including securities issued or guaranteed by U.S.