Nuveen Mortgage and Income Fund
JLSFinancial Services · Stock · monthly payer
Forward Yield
11.30%
Annual Dividend
$1.84
Payout Ratio
166%
5-Yr Growth
15.5%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Nuveen Mortgage and Income Fund (JLS) yields 11.30% ($1.84 per share annually), with a blended fair-value estimate of $40.30 — +146% upside, so it screens as undervalued. Dividend safety grade: C (55/100). 5 years of dividend growth.
Is JLS a good dividend stock?
MixedNuveen Mortgage and Income Fund (JLS) pays a monthly dividend yielding 11.30% ($1.84/yr), with 5 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 15.5% 5-yr dividend growth
Risks
- Cut its dividend in 2020
- Elevated payout ratio (166%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 11.30%
- Payout Ratio
- 166%
- Annual Dividend
- $1.84
- 5-Yr Avg Growth
- 15.5%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 5
- Frequency
- monthly
- Beta
- —
- Market Cap
- $88.1M
- P/E Ratio
- 14.5
- 5-Yr Total Return
- -23%
- 52-Week Range
- $16.31 – $19.05
- Dividend Safety
- C · 55/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
JLS Price — Last 12 Months
Daily close
Price Return
1 Year
-13%
3 Years
+1%
5 Years
-23%
52-Week Range
$16.31 – $19.05
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is JLS worth?
Undervaluedlow confidenceOur blended fair-value estimate for Nuveen Mortgage and Income Fund is $40.30 per share, versus a market price of $16.39. That implies 146% of upside — a margin of safety of about 59%.
Fair Value
$40.30
Current Price
$16.39
Upside
+146%
Margin of Safety
59%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 17.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 17.8% stage-1 growth, 2.5% terminal growth, $1.11 EPS, $1.84 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
JLS Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full JLS dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.1540 | regular |
| Aug 14, 2026 | — | $0.1540 | regular |
| Jul 15, 2026 | — | $0.1540 | regular |
| Jun 15, 2026 | — | $0.1540 | regular |
| May 15, 2026 | — | $0.1540 | regular |
| Apr 15, 2026 | — | $0.1540 | regular |
| Mar 13, 2026 | — | $0.1540 | regular |
| Feb 13, 2026 | — | $0.1540 | regular |
| Jan 15, 2026 | — | $0.1540 | regular |
| Dec 15, 2025 | — | $0.1540 | regular |
| Nov 14, 2025 | — | $0.1540 | regular |
| Oct 15, 2025 | — | $0.1540 | regular |
| Sep 15, 2025 | — | $0.1540 | regular |
| Aug 15, 2025 | — | $0.1540 | regular |
Income Calculator
At $1.84 / yr per share
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