Nuveen Mortgage Opportunity Term Fund (NYSE:JLS) announced a monthly dividend on Thursday, November 1st, NASDAQ reports. Investors of record on Thursday, November 15th will be given a dividend of 0.113 per share on Monday, December 3rd. This represents a $1.36 annualized dividend and a yield of 5.70%. The ex-dividend date of this dividend is Wednesday, November 14th.
Nuveen Mortgage Opportunity Term Fund has increased its dividend payment by an average of 21.0% annually over the last three years.
NYSE JLS traded up $0.05 during trading hours on Friday, hitting $23.85. The company’s stock had a trading volume of 650 shares, compared to its average volume of 38,155. Nuveen Mortgage Opportunity Term Fund has a 12 month low of $23.10 and a 12 month high of $26.33.
Nuveen Mortgage Opportunity Term Fund Company Profile
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.
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