First Trust Mortgage Income Fund (FMY) to Distribute Monthly Dividend of $0.07 on August 17th

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Monday, July 20th. Investors of record on Monday, August 3rd will be given a dividend of 0.065 per share on Monday, August 17th. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Monday, August 3rd.

First Trust Mortgage Income Fund Price Performance

NYSE:FMY opened at $11.74 on Wednesday. The stock has a 50-day simple moving average of $11.68 and a two-hundred day simple moving average of $11.88. First Trust Mortgage Income Fund has a 52-week low of $11.40 and a 52-week high of $12.39.

First Trust Mortgage Income Fund Company Profile

First Trust Mortgage Income Fund (NYSE:FMY) is a closed-end management investment company that seeks to provide high current income by investing primarily in a diversified portfolio of mortgage-related securities. The fund’s investment strategy focuses on residential and commercial mortgage-backed securities (MBS) issued or guaranteed by U.S. government agencies, government-sponsored entities and private issuers, as well as other mortgage-related assets such as collateralized mortgage obligations (CMOs) and mortgage passthrough securities.

Since commencing operations in mid-2002, FMY has employed a disciplined, fundamental research process to construct a portfolio designed to capture income opportunities across the U.S.