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

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Thursday, March 19th. Shareholders of record on Wednesday, April 1st will be paid a dividend of 0.065 per share on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Wednesday, April 1st.

First Trust Mortgage Income Fund Price Performance

NYSE FMY opened at $11.74 on Friday. First Trust Mortgage Income Fund has a 12-month low of $11.40 and a 12-month high of $12.39. The firm has a 50-day moving average price of $12.06 and a two-hundred day moving average price of $12.09.

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.