First Trust Mortgage Income Fund Announces Monthly Dividend of $0.08 (NYSE:FMY)

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Friday, December 20th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.075 per share on Wednesday, January 15th. This represents a $0.90 annualized dividend and a yield of 7.54%. The ex-dividend date of this dividend is Tuesday, December 31st.

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 0.9 %

FMY traded down $0.11 on Friday, hitting $11.94. 7,694 shares of the company’s stock were exchanged, compared to its average volume of 8,563. First Trust Mortgage Income Fund has a fifty-two week low of $11.48 and a fifty-two week high of $12.72. The firm has a 50-day moving average price of $12.09 and a 200-day moving average price 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.