SmarterDividends
JLS

Nuveen Mortgage and Income Fund (JLS) Dividend

Nuveen Mortgage and Income Fund · Financial Services · Asset Management · monthly payer

$16.25

Undervalued · +122% Add to Portfolio

As of Nov 13, 2026, Nuveen Mortgage and Income Fund (JLS) pays a monthly dividend of $0.1540 per share, or $1.84 a year, a 11.34% yield at its $16.25 share price. It pays every month. It has raised its dividend 5 years in a row and has a dividend safety grade of C.

Forward Yield

11.34%

Annual Dividend

$1.84

Payout Ratio

168%

5-Yr Growth

15.5%

Ex-Date

Oct 15, 2026

Frequency

Monthly

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Key facts about JLS's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 13, 2026, Nuveen Mortgage and Income Fund (JLS) has a forward dividend yield of 11.34%, based on an annual dividend of $1.84 per share and a share price of $16.25.
  • As of Nov 13, 2026, JLS's dividend safety grade from SmarterDividends is C (58 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Nuveen Mortgage and Income Fund (JLS) has raised its dividend for 5 consecutive years as of Nov 13, 2026.
  • JLS last cut its regular dividend in 2020.
  • JLS's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.15 per share.
  • As of Nov 13, 2026, JLS pays out 168% of its trailing 12-month earnings as dividends (its payout ratio).
  • JLS's dividend has grown at an average rate of 15.5% a year over the past five years.
  • As of Nov 13, 2026, JLS's 11.34% yield is 41% above its five-year average yield of 8.07%.
  • As of Nov 13, 2026, SmarterDividends' blended fair-value estimate for JLS is $36.05 per share, 122% above the $16.25 share price, so JLS screens as undervalued.
  • Nuveen Mortgage and Income Fund (JLS) pays its dividend monthly, 12 times a year.
  • Nuveen Mortgage and Income Fund (JLS) has raised its regular dividend 6 times and cut it 6 times across the 206 payments on record since 2010. Its most recent change was a 8.5% increase to $0.154 per share, going ex-dividend on Jun 14, 2024. The last cut went ex-dividend on Jun 12, 2020.
Cite this page

SmarterDividends, "JLS Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 13, 2026, https://smarterdividends.com/stocks/JLS

Is JLS a good dividend stock?

Yes, with caveats

Nuveen Mortgage and Income Fund (JLS) pays a monthly dividend yielding 11.34% ($1.84/yr), with 5 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Strong 15.5% 5-yr dividend growth

Risks

  • Cut its dividend in 2020
  • Elevated payout ratio (168%)
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
11.34%
Payout Ratio
168%
Annual Dividend
$1.84
5-Yr Avg Growth
15.5%
Ex-Dividend Date
Oct 15, 2026
Years of Growth
5
Frequency
monthly
Beta
—
Market Cap
$89.0M
P/E Ratio
14.6
5-Yr Total Return
-22%
52-Week Range
$16.01 – $18.94
Dividend Safety
C · 58/100
Ever Cut?
Yes (2020)

JLS dividend raises and cuts

Nuveen Mortgage and Income Fund (JLS) has raised its regular dividend 6 times and cut it 6 times across the 206 payments on record since 2010. Its most recent change was a 8.5% increase to $0.154 per share, going ex-dividend on Jun 14, 2024. The last cut went ex-dividend on Jun 12, 2020.

Ex-dateChangeOld → newMove
Jun 14, 2024Raise$0.142 → $0.154+8.5%
Oct 12, 2023Raise$0.123 → $0.142+15.4%
Apr 13, 2023Raise$0.116 → $0.123+6.0%
Nov 14, 2022Raise$0.0830 → $0.116+39.8%
Mar 12, 2021Raise$0.0680 → $0.0830+22.1%
Jun 12, 2020Cut$0.0910 → $0.0680−25.3%
Mar 12, 2020Cut$0.114 → $0.0910−20.2%
Jun 13, 2016Cut$0.127 → $0.114−10.2%
Mar 12, 2014Cut$0.141 → $0.127−9.9%
Oct 10, 2013Cut$0.241 → $0.141−41.5%
Sep 11, 2013Raise$0.159 → $0.241+51.6%
Jun 12, 2013Cut$0.172 → $0.159−7.6%
Every JLS payment →Download every raise and cut (CSV)
JLS ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →JLS dividend historyEvery payment, totals by year, raises and cutsView →JLS dividend calculator100 shares pay $184.00 a year, $15.33 each monthCalculate →JLS total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is JLS a good dividend stock?

Yes, with caveats. Nuveen Mortgage and Income Fund (JLS) pays a monthly dividend yielding 11.34% ($1.84/yr), with 5 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is JLS undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, JLS's fair value is about $36.05 versus a $16.25 share price — so it looks undervalued (+122% vs. fair value).

Is JLS's dividend safe?

JLS has a dividend-safety grade of C (58/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is JLS's fair value?

Our blended fair-value estimate for JLS is about $36.05 per share, roughly 122% above the current $16.25 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is JLS a buy, hold, or sell?

We don't issue formal ratings, but on the data JLS screens as "yes, with caveats" and undervalued. Nuveen Mortgage and Income Fund (JLS) pays a monthly dividend yielding 11.34% ($1.84/yr), with 5 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will JLS cut its dividend?

JLS earns a dividend-safety grade of C (58/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does JLS pay a dividend?

Yes. Nuveen Mortgage and Income Fund pays a monthly dividend of about $1.84 per share annually, a forward yield of roughly 11.34%.

How much dividend does 100 shares of JLS pay?

At $1.84 per share a year, 100 shares of JLS pay $184.00 a year in dividends before tax, about $15.33 each month. Buying them costs about $1,625 at the Nov 13, 2026 price.

What is JLS's dividend yield?

As of Nov 13, 2026, JLS's forward dividend yield is 11.34%, based on a $1.84 annual dividend and a $16.25 share price.

What is JLS's dividend per share?

As of Nov 13, 2026, JLS pays $1.84 per share per year, distributed on a monthly basis.

What is JLS's dividend payout ratio?

As of Nov 13, 2026, JLS's payout ratio is 168% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has JLS grown its dividend?

As of Nov 13, 2026, JLS has increased its dividend for 5 consecutive years.

When is the next JLS ex-dividend date?

As of Nov 13, 2026, JLS's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.15 per share.

Income Calculator

At $1.84 / yr per share

Per payment (monthly)$15.33
Annual$184.00
Monthly avg$15.33
Full JLS dividend calculator →

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