Nuveen Mortgage Opportunity Term Fund (NYSE:JLS) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.1135 per share on Tuesday, December 31st. This represents a $1.36 annualized dividend and a yield of 6.05%. The ex-dividend date is Thursday, December 12th. This is a positive change from Nuveen Mortgage Opportunity Term Fund’s previous monthly dividend of $0.11.
NYSE:JLS traded down $0.03 during mid-day trading on Wednesday, hitting $22.51. 21,041 shares of the stock traded hands, compared to its average volume of 31,800. The business’s 50-day moving average price is $22.45 and its 200 day moving average price is $22.94. Nuveen Mortgage Opportunity Term Fund has a 12-month low of $22.06 and a 12-month high of $23.76.
About Nuveen Mortgage Opportunity Term Fund
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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