Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.1125 per share by the investment management company on Friday, December 29th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date is Thursday, December 14th.
Nuveen Mortgage Opportunity Term Fund 2 has decreased its dividend by an average of 23.4% annually over the last three years.
Shares of Nuveen Mortgage Opportunity Term Fund 2 (NYSE JMT) traded down $0.01 on Tuesday, hitting $24.76. 5,800 shares of the company’s stock were exchanged, compared to its average volume of 9,119. Nuveen Mortgage Opportunity Term Fund 2 has a 1-year low of $22.74 and a 1-year high of $25.00.
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.
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