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

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.075 per share on Tuesday, February 18th. This represents a $0.90 dividend on an annualized basis and a dividend 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% per year over the last three years.

First Trust Mortgage Income Fund Price Performance

First Trust Mortgage Income Fund stock traded up $0.04 during trading on Wednesday, reaching $12.00. The company had a trading volume of 2,778 shares, compared to its average volume of 4,521. First Trust Mortgage Income Fund has a 1-year low of $11.48 and a 1-year high of $12.72. The firm’s 50-day simple moving average is $11.99 and its 200 day simple moving average is $12.16.

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.