First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) declared a monthly dividend on Thursday, September 19th, NASDAQ reports. Shareholders of record on Tuesday, October 1st will be paid a dividend of 0.075 per share on Tuesday, October 15th. This represents a $0.90 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend is Tuesday, October 1st.
First Trust Mortgage Income Fund has increased its dividend by an average of 8.4% annually over the last three years.
First Trust Mortgage Income Fund Trading Down 0.6 %
Shares of FMY opened at $12.44 on Friday. The company’s fifty day moving average price is $12.30 and its 200 day moving average price is $12.04. First Trust Mortgage Income Fund has a one year low of $10.71 and a one year high of $12.60.
First Trust Mortgage Income Fund Company Profile
First Trust Mortgage Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Brookfield Investment Management Inc The fund invests in fixed income markets. It seeks to invest in fixed income securities including mortgage-backed securities, consisting of pass-through certificates, collateralized mortgage obligations, residential mortgage-backed securities, and commercial mortgage-backed securities.
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