First Trust Mortgage Income Fund (FMY) To Go Ex-Dividend on July 1st

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Thursday, June 20th, NASDAQ reports. Shareholders of record on Monday, July 1st will be given a dividend of 0.0825 per share on Monday, July 15th. This represents a $0.99 annualized dividend and a yield of 8.30%. The ex-dividend date of this dividend is Monday, July 1st.

First Trust Mortgage Income Fund has increased its dividend by an average of 8.4% per year over the last three years.

First Trust Mortgage Income Fund Stock Performance

First Trust Mortgage Income Fund stock opened at $11.93 on Friday. The firm has a 50-day moving average of $11.88 and a 200-day moving average of $11.89. First Trust Mortgage Income Fund has a 1-year low of $10.71 and a 1-year high of $12.23.

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.