First Trust Mortgage Income Fund (NYSE:FMY) Announces $0.08 Monthly Dividend

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Monday, October 21st, NASDAQ reports. Shareholders of record on Friday, November 1st will be paid a dividend of 0.075 per share on Friday, November 15th. This represents a $0.90 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date is Friday, November 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 Price Performance

Shares of First Trust Mortgage Income Fund stock traded up $0.08 during trading on Tuesday, hitting $12.23. The stock had a trading volume of 7,430 shares, compared to its average volume of 9,413. First Trust Mortgage Income Fund has a 12 month low of $10.84 and a 12 month high of $12.72. The firm’s fifty day simple moving average is $12.37 and its 200-day simple moving average is $12.10.

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.