First Trust Mortgage Income Fund (FMY) to Issue Monthly Dividend of $0.08 on February 18th

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders of record on Monday, February 3rd will be given a dividend of 0.075 per share on Tuesday, February 18th. This represents a $0.90 annualized dividend and a yield of 7.44%. The ex-dividend date is Monday, February 3rd.

First Trust Mortgage Income Fund has raised its dividend payment by an average of 40.1% per year over the last three years.

First Trust Mortgage Income Fund Price Performance

NYSE FMY opened at $12.10 on Friday. First Trust Mortgage Income Fund has a 52 week low of $11.48 and a 52 week high of $12.72. The stock has a fifty day moving average of $12.01 and a 200-day moving average of $12.16.

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.