First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) announced a monthly dividend on Thursday, December 19th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.075 per share on Wednesday, January 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date is Tuesday, December 31st.
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 Trading Down 1.5 %
Shares of FMY stock opened at $11.89 on Friday. The firm has a fifty day moving average price of $12.07 and a 200 day moving average price of $12.17. First Trust Mortgage Income Fund has a 12 month low of $11.48 and a 12 month 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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