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

by · The Cerbat Gem

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) declared a monthly dividend on Monday, October 21st, NASDAQ reports. Shareholders of record on Friday, November 1st will be given a dividend of 0.075 per share on Friday, November 15th. This represents a $0.90 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date of this dividend is Friday, November 1st.

First Trust Mortgage Income Fund has increased its dividend payment by an average of 8.4% per year over the last three years.

First Trust Mortgage Income Fund Price Performance

FMY traded up $0.08 during trading on Tuesday, hitting $12.23. 7,430 shares of the company’s stock were exchanged, compared to its average volume of 9,413. The stock has a 50 day moving average price of $12.37 and a 200 day moving average price of $12.10. First Trust Mortgage Income Fund has a 1 year low of $10.84 and a 1 year high of $12.72.

First Trust Mortgage Income Fund Company Profile

(Get Free Report)

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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