Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be paid a dividend of 0.1125 per share by the investment management company on Friday, December 1st. This represents a $1.35 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date is Tuesday, November 14th.
Nuveen Mortgage Opportunity Term Fund 2 has decreased its dividend payment by an average of 23.4% annually over the last three years.
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About Nuveen Mortgage Opportunity Term Fund 2
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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