First Trust/FIDAC Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Monday, July 20th, Zacks reports. Stockholders of record on Tuesday, August 4th will be paid a dividend of 0.06 per share on Monday, August 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date is Monday, August 3rd.
First Trust/FIDAC Mortgage Income Fund has decreased its dividend by an average of 17.2% per year over the last three years.
FMY opened at $13.78 on Friday. The company’s 50 day simple moving average is $13.68 and its two-hundred day simple moving average is $13.62. First Trust/FIDAC Mortgage Income Fund has a 1-year low of $12.17 and a 1-year high of $14.78.
About First Trust/FIDAC 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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