Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) declared a monthly dividend on Monday, June 3rd, NASDAQ reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.112 per share by the investment management company on Monday, July 1st. This represents a $1.34 annualized dividend and a dividend yield of 5.96%. The ex-dividend date is Thursday, June 13th.
Nuveen Mortgage Opportunity Term Fund 2 has increased its dividend by an average of 8.0% per year over the last three years.
Shares of JMT traded up $0.02 during trading hours on Wednesday, hitting $22.54. The company’s stock had a trading volume of 1,382 shares, compared to its average volume of 11,409. Nuveen Mortgage Opportunity Term Fund 2 has a 52-week low of $21.65 and a 52-week high of $24.10.
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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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