First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.075 per share on Monday, March 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.44%. The ex-dividend date is Monday, March 3rd.
First Trust Mortgage Income Fund has increased its dividend by an average of 39.3% annually over the last three years.
First Trust Mortgage Income Fund Stock Performance
Shares of First Trust Mortgage Income Fund stock opened at $12.10 on Friday. First Trust Mortgage Income Fund has a one year low of $11.48 and a one year high of $12.72. The stock’s 50-day moving average is $11.97 and its 200-day moving average is $12.15.
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.
Further Reading
- Five stocks we like better than First Trust Mortgage Income Fund
- What is a Low P/E Ratio and What Does it Tell Investors?
- Gilead Sciences: 4 Reasons This Stock Has Much More To Rise
- Stock Analyst Ratings and Canadian Analyst Ratings
- MarketBeat Week in Review – 02/17 – 02/21
- What Do S&P 500 Stocks Tell Investors About the Market?
- SolarEdge: A Surprising Bright Spot in a Troubled Solar Industry?
Receive News & Ratings for First Trust Mortgage Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Mortgage Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
