First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) declared a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders of record on Monday, February 3rd will be paid a dividend of 0.075 per share on Tuesday, February 18th. This represents a $0.90 dividend on an annualized basis and a yield of 7.50%. The ex-dividend date is Monday, February 3rd.
First Trust Mortgage Income Fund has increased its dividend payment by an average of 41.4% per year over the last three years.
First Trust Mortgage Income Fund Trading Up 0.3 %
FMY stock opened at $12.00 on Thursday. The stock’s fifty day moving average is $11.99 and its two-hundred day moving average is $12.16. First Trust Mortgage Income Fund has a 1 year low of $11.48 and a 1 year high of $12.72.
About First Trust Mortgage Income Fund
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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