First Trust Mortgage Income Fund Declares Monthly Dividend of $0.07 (NYSE:FMY)

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Thursday, February 19th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.065 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, March 2nd.

First Trust Mortgage Income Fund Stock Performance

Shares of NYSE FMY traded up $0.01 during midday trading on Friday, reaching $12.13. The stock had a trading volume of 401 shares, compared to its average volume of 4,944. First Trust Mortgage Income Fund has a 12-month low of $11.65 and a 12-month high of $12.39. The stock has a 50-day moving average of $12.11 and a 200-day moving average of $12.14.

About First Trust Mortgage Income Fund

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.