Nuveen Mortgage and Income Fund (NYSE:JLS – Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $18.29 and traded as low as $18.12. Nuveen Mortgage and Income Fund shares last traded at $18.21, with a volume of 18,819 shares trading hands.
Nuveen Mortgage and Income Fund Trading Down 0.1 %
The stock’s 50 day moving average price is $18.29 and its 200 day moving average price is $17.95.
Nuveen Mortgage and Income Fund Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.154 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.85 dividend on an annualized basis and a yield of 10.20%. This is an increase from Nuveen Mortgage and Income Fund’s previous monthly dividend of $0.15.
Institutional Inflows and Outflows
About Nuveen Mortgage and Income Fund
Nuveen Mortgage and Income 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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