Nuveen Mortgage Opportunity Term Fund (NYSE:JLS) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.1135 per share on Monday, June 3rd. This represents a $1.36 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Tuesday, May 14th.
Nuveen Mortgage Opportunity Term Fund has raised its dividend payment by an average of 7.2% per year over the last three years.
Shares of JLS traded down $0.02 during trading hours on Friday, hitting $23.14. The stock had a trading volume of 13,500 shares, compared to its average volume of 33,394. Nuveen Mortgage Opportunity Term Fund has a 12-month low of $22.06 and a 12-month high of $24.28.
Nuveen Mortgage Opportunity Term Fund 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.
Featured Story: Growth and Income Funds
Receive News & Ratings for Nuveen Mortgage Opportunity Term Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Mortgage Opportunity Term Fund and related companies with MarketBeat.com's FREE daily email newsletter.