First Trust Mortgage Income Fund (NYSE:FMY) to Issue $0.07 Monthly Dividend

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Thursday, June 18th. Investors of record on Wednesday, July 1st will be given a dividend of 0.065 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Wednesday, July 1st.

First Trust Mortgage Income Fund Stock Down 0.4%

FMY stock opened at $11.67 on Friday. The company has a 50-day simple moving average of $11.78 and a 200 day simple moving average of $11.92. First Trust Mortgage Income Fund has a fifty-two week low of $11.40 and a fifty-two 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.