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

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders of record on Monday, February 3rd will be given 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 of this dividend is Monday, February 3rd.

First Trust Mortgage Income Fund has increased its dividend payment by an average of 41.4% annually over the last three years.

First Trust Mortgage Income Fund Trading Up 0.3 %

Shares of NYSE:FMY traded up $0.04 during midday trading on Wednesday, hitting $12.00. The company’s stock had a trading volume of 2,778 shares, compared to its average volume of 4,521. The stock’s 50 day simple moving average is $11.99 and its 200 day simple moving average is $12.16. First Trust Mortgage Income Fund has a fifty-two week low of $11.48 and a fifty-two week high of $12.72.

First Trust Mortgage Income Fund Company Profile

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.