Nuveen Mortgage Opportunity Term Fund 2 (JMT) to Issue Monthly Dividend of $0.11 on November 1st

Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be paid a dividend of 0.1125 per share by the investment management company on Wednesday, November 1st. This represents a $1.35 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date is Thursday, October 12th.

Nuveen Mortgage Opportunity Term Fund 2 has decreased its dividend payment by an average of 23.4% annually over the last three years.

Nuveen Mortgage Opportunity Term Fund 2 (NYSE JMT) opened at 24.64 on Wednesday. The firm has a 50-day moving average price of $24.61 and a 200-day moving average price of $24.29. Nuveen Mortgage Opportunity Term Fund 2 has a one year low of $22.05 and a one year high of $25.00.

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Nuveen Mortgage Opportunity Term Fund 2 Company Profile

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.

Dividend History for Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT)

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