Nuveen Mortgage Opportunity Term Fund 2 Announces Monthly Dividend of $0.11 (JMT)

Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.1125 per share by the investment management company on Thursday, March 1st. This represents a $1.35 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Wednesday, February 14th.

Nuveen Mortgage Opportunity Term Fund 2 has raised its dividend payment by an average of 20.0% per year over the last three years.

Shares of Nuveen Mortgage Opportunity Term Fund 2 (JMT) traded down $0.10 during trading on Monday, hitting $23.12. 13,306 shares of the company traded hands, compared to its average volume of 9,900. Nuveen Mortgage Opportunity Term Fund 2 has a 52-week low of $22.84 and a 52-week high of $25.40.

In other news, insider Gifford R. Zimmerman sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $23.43, for a total transaction of $35,145.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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About Nuveen Mortgage Opportunity Term Fund 2

Nuveen Mortgage Opportunity Term Fund 2 (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.

Dividend History for Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT)

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