Nuveen Mortgage Opportunity Term Fund (JLS) to Issue $0.11 Monthly Dividend

Nuveen Mortgage Opportunity Term Fund (NYSE:JLS) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.1135 per share on Thursday, March 1st. This represents a $1.36 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend is Wednesday, February 14th.

Nuveen Mortgage Opportunity Term Fund has raised its dividend by an average of 21.0% annually over the last three years.

Nuveen Mortgage Opportunity Term Fund (JLS) opened at $24.13 on Tuesday. Nuveen Mortgage Opportunity Term Fund has a 1-year low of $23.70 and a 1-year high of $26.33.

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Nuveen Mortgage Opportunity Term Fund Company Profile

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.

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

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