First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) announced a monthly dividend on Monday, October 21st, NASDAQ reports. Shareholders of record on Friday, November 1st will be given a dividend of 0.075 per share on Friday, November 15th. This represents a $0.90 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend is Friday, November 1st.
First Trust Mortgage Income Fund has increased its dividend payment by an average of 8.4% annually over the last three years.
First Trust Mortgage Income Fund Price Performance
Shares of FMY traded up $0.08 during trading hours on Tuesday, reaching $12.23. 7,430 shares of the company traded hands, compared to its average volume of 9,413. The business has a fifty day moving average price of $12.37 and a 200-day moving average price of $12.10. First Trust Mortgage Income Fund has a 12-month low of $10.84 and a 12-month high of $12.72.
About First Trust Mortgage Income Fund
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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