First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) announced a monthly dividend on Thursday, March 20th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a 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% annually over the last three years.
First Trust Mortgage Income Fund Stock Performance
Shares of FMY opened at $12.16 on Friday. First Trust Mortgage Income Fund has a twelve month low of $11.48 and a twelve month high of $12.72. The firm’s fifty day simple moving average is $12.03 and its 200-day simple moving average is $12.11.
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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