First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) announced a monthly dividend on Wednesday, November 20th,NASDAQ Dividends reports. Investors of record on Monday, December 2nd will be given a dividend of 0.075 per share on Monday, December 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date of this dividend is Monday, December 2nd.
First Trust Mortgage Income Fund has increased its dividend by an average of 8.4% per year over the last three years.
First Trust Mortgage Income Fund Price Performance
Shares of NYSE FMY opened at $12.42 on Friday. The stock has a fifty day simple moving average of $12.18 and a two-hundred day simple moving average of $12.14. First Trust Mortgage Income Fund has a 1-year low of $11.13 and a 1-year 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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