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

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Thursday, March 20th, Wall Street Journal reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.075 per share on Tuesday, April 15th. This represents a $0.90 annualized dividend and a dividend yield of 7.40%. The ex-dividend date is Tuesday, April 1st.

First Trust Mortgage Income Fund has raised its dividend payment by an average of 39.3% per year over the last three years.

First Trust Mortgage Income Fund Stock Up 0.2 %

FMY stock traded up $0.03 during trading on Friday, reaching $12.16. The stock had a trading volume of 4,045 shares, compared to its average volume of 7,515. First Trust Mortgage Income Fund has a 52 week low of $11.48 and a 52 week high of $12.72. The stock’s 50 day moving average is $12.02 and its two-hundred day moving average is $12.11.

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.