First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) declared a monthly dividend on Thursday, September 19th, NASDAQ reports. Stockholders of record on Tuesday, October 1st will be given a dividend of 0.075 per share on Tuesday, October 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date is Tuesday, October 1st.
First Trust Mortgage Income Fund has raised its dividend payment by an average of 8.4% per year over the last three years.
First Trust Mortgage Income Fund Stock Performance
FMY opened at $12.57 on Monday. First Trust Mortgage Income Fund has a 12 month low of $10.71 and a 12 month high of $12.63. The stock’s 50 day moving average price is $12.34 and its 200 day moving average price is $12.06.
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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