Nuveen Mortgage Opportunity Term Fund (NYSE:JLS) announced a monthly dividend on Monday, March 5th, Wall Street Journal reports. Investors of record on Thursday, March 15th will be paid a dividend of 0.1135 per share on Monday, April 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Wednesday, March 14th.
Nuveen Mortgage Opportunity Term Fund has increased its dividend payment by an average of 21.0% annually over the last three years.
Shares of Nuveen Mortgage Opportunity Term Fund (JLS) traded up $0.13 on Tuesday, hitting $23.86. The company had a trading volume of 694 shares, compared to its average volume of 38,531. Nuveen Mortgage Opportunity Term Fund has a one year low of $23.50 and a one year high of $26.33.
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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