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

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

Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) announced a monthly dividend on Tuesday, May 2nd. Shareholders of record on Monday, May 15th will be paid a dividend of 0.1125 per share by the investment management company on Thursday, June 1st. This represents a $1.35 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend is Thursday, May 11th.

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

Shares of Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) traded down 0.04% during mid-day trading on Friday, hitting $24.00. 6,358 shares of the company’s stock traded hands. Nuveen Mortgage Opportunity Term Fund 2 has a 1-year low of $21.61 and a 1-year high of $24.15. The stock has a 50 day moving average price of $23.81 and a 200-day moving average price of $23.32.

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.

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