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

Nuveen Mortgage and Income Fund (NYSE:JLS) announced a monthly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be given a dividend of 0.1535 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen Mortgage and Income Fund Stock Performance

Nuveen Mortgage and Income Fund stock traded up $0.02 during midday trading on Wednesday, hitting $18.39. 4,420 shares of the stock were exchanged, compared to its average volume of 19,451. Nuveen Mortgage and Income Fund has a 1 year low of $16.80 and a 1 year high of $19.25. The company has a 50 day moving average price of $18.44 and a two-hundred day moving average price of $18.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JLS. Compound Planning Inc. grew its stake in Nuveen Mortgage and Income Fund by 224.8% during the 4th quarter. Compound Planning Inc. now owns 41,705 shares of the company’s stock valued at $759,000 after purchasing an additional 28,863 shares in the last quarter. Invesco Ltd. grew its position in shares of Nuveen Mortgage and Income Fund by 107.9% during the fourth quarter. Invesco Ltd. now owns 38,179 shares of the company’s stock worth $694,000 after buying an additional 19,815 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Nuveen Mortgage and Income Fund by 8.9% during the fourth quarter. Cetera Investment Advisers now owns 17,511 shares of the company’s stock worth $319,000 after buying an additional 1,437 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Nuveen Mortgage and Income Fund by 6.9% in the fourth quarter. Osaic Holdings Inc. now owns 78,419 shares of the company’s stock worth $1,426,000 after buying an additional 5,076 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in Nuveen Mortgage and Income Fund in the fourth quarter valued at $218,000.

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.