Nuveen Mortgage Opportunity Term Fund (NYSE:JLS) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be paid a dividend of 0.1135 per share on Thursday, February 1st. This represents a $1.36 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend is Thursday, January 11th.
Nuveen Mortgage Opportunity Term Fund has raised its dividend by an average of 21.0% annually over the last three years.
Shares of Nuveen Mortgage Opportunity Term Fund (JLS) traded up $0.05 during trading on Wednesday, hitting $24.60. The stock had a trading volume of 227,920 shares, compared to its average volume of 142,200. Nuveen Mortgage Opportunity Term Fund has a twelve month low of $23.77 and a twelve month high of $26.33.
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Nuveen Mortgage Opportunity Term Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to generate attractive total returns through opportunistic investments in mortgage-backed security (MBS). It seeks to achieve its investment objective by investing primarily in non-agency residential MBS and commercial MBS.
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