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

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 7.50%. The ex-dividend date is Monday, February 3rd.

First Trust Mortgage Income Fund has raised its dividend by an average of 41.4% annually over the last three years.

First Trust Mortgage Income Fund Price Performance

NYSE:FMY opened at $12.00 on Thursday. The firm has a 50-day moving average of $11.99 and a two-hundred day moving average of $12.16. First Trust Mortgage Income Fund has a 1-year low of $11.48 and a 1-year high of $12.72.

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.