Nuveen Mortgage Opportunity Term Fund (NYSE:JLS) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.1135 per share on Friday, December 1st. This represents a $1.36 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Tuesday, November 14th.
Nuveen Mortgage Opportunity Term Fund has decreased its dividend by an average of 15.4% per year over the last three years.
Nuveen Mortgage Opportunity Term Fund (NYSE JLS) traded up $0.07 during mid-day trading on Monday, reaching $25.72. The company had a trading volume of 16,600 shares, compared to its average volume of 28,965. Nuveen Mortgage Opportunity Term Fund has a fifty-two week low of $23.01 and a fifty-two week high of $26.07.
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About Nuveen Mortgage Opportunity Term Fund
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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