First Trust Mortgage Income Fund to Issue Monthly Dividend of $0.08 (NYSE:FMY)

by · The Markets Daily

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) announced a monthly dividend on Friday, March 21st, Wall Street Journal reports. Investors 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 of this dividend is Tuesday, April 1st.

First Trust Mortgage Income Fund has increased its dividend payment by an average of 39.3% annually over the last three years.

First Trust Mortgage Income Fund Stock Performance

First Trust Mortgage Income Fund stock traded up $0.03 during mid-day trading on Friday, hitting $12.16. 4,015 shares of the company were exchanged, compared to its average volume of 7,515. First Trust Mortgage Income Fund has a 12-month low of $11.48 and a 12-month high of $12.72. The business’s 50 day simple moving average is $12.02 and its two-hundred day simple moving average is $12.11.

About First Trust Mortgage Income Fund

(Get Free Report)

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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