Nuveen Mortgage and Income Fund to Issue Monthly Dividend of $0.15 (NYSE:JLS)

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Monday, February 2nd. Investors of record on Friday, February 13th will be paid a dividend of 0.1535 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date is Friday, February 13th.

Nuveen Mortgage and Income Fund Trading Up 0.2%

JLS traded up $0.04 during trading on Tuesday, hitting $18.67. The company had a trading volume of 909 shares, compared to its average volume of 19,666. Nuveen Mortgage and Income Fund has a one year low of $16.80 and a one year high of $19.25. The firm’s 50-day moving average price is $18.38 and its 200 day moving average price is $18.66.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in Nuveen Mortgage and Income Fund by 22.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 197,936 shares of the company’s stock valued at $3,709,000 after buying an additional 36,688 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Nuveen Mortgage and Income Fund during the 4th quarter worth approximately $247,000. Envestnet Asset Management Inc. raised its holdings in shares of Nuveen Mortgage and Income Fund by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 104,937 shares of the company’s stock valued at $1,967,000 after purchasing an additional 7,987 shares during the last quarter. Fiera Capital Corp grew its position in Nuveen Mortgage and Income Fund by 31.0% in the third quarter. Fiera Capital Corp now owns 32,977 shares of the company’s stock valued at $617,000 after purchasing an additional 7,800 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. grew its position in Nuveen Mortgage and Income Fund by 5.8% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 97,391 shares of the company’s stock valued at $1,825,000 after purchasing an additional 5,377 shares in the last quarter.

About Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund (NYSE: JLS) is a closed-end management investment company that primarily invests in U.S. residential mortgage-backed securities. The fund seeks to generate current income with the potential for capital appreciation by allocating assets across a diversified portfolio of agency and non-agency residential mortgage-backed securities, adjustable-rate mortgage securities and mortgage servicing rights. To enhance returns, the fund may employ leverage through repurchase agreements, preferred shares or other financing arrangements.

Since its inception in July 2006, Nuveen Mortgage and Income Fund has focused on navigating various interest-rate and credit-cycle environments through active duration management and credit analysis.