First Trust/FIDAC Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Wednesday, May 20th, Zacks reports. Investors of record on Tuesday, June 2nd will be paid a dividend of 0.06 per share on Monday, June 15th. This represents a $0.72 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend is Monday, June 1st.
First Trust/FIDAC Mortgage Income Fund has decreased its dividend payment by an average of 2.6% annually over the last three years.
NYSE FMY remained flat at $$13.60 during trading hours on Friday. The company had a trading volume of 1 shares, compared to its average volume of 15,929. The stock has a fifty day simple moving average of $13.10 and a 200-day simple moving average of $13.73. First Trust/FIDAC Mortgage Income Fund has a 1 year low of $12.17 and a 1 year high of $14.57.
First Trust/FIDAC 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.
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