Nuveen Mortgage Opportunity Term Fund 2 (JMT) Plans $0.11 Monthly Dividend
Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) declared a monthly dividend on Monday, December 3rd, Zacks reports. Investors of record on Friday, December 14th will be given a dividend of 0.112 per share by the investment management company on Monday, December 31st. This represents a $1.34 annualized dividend and a yield of 5.83%. The ex-dividend date is Thursday, December 13th.
Nuveen Mortgage Opportunity Term Fund 2 has increased its dividend payment by an average of 20.0% per year over the last three years.
NYSE:JMT traded up $0.21 during trading hours on Friday, hitting $23.06. The company’s stock had a trading volume of 9,862 shares, compared to its average volume of 9,513. Nuveen Mortgage Opportunity Term Fund 2 has a 52-week low of $22.21 and a 52-week high of $25.40.
About Nuveen Mortgage Opportunity Term Fund 2
Nuveen Mortgage Opportunity Term Fund 2 is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. It invests in the fixed income markets of the United States. The fund invests in undervalued mortgage-backed securities consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities with a favorable total return potential.
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