First Trust Mortgage Income Fund (NYSE:FMY) Plans $0.06 Monthly Dividend

First Trust Mortgage Income Fund (NYSE:FMYGet Rating) announced a monthly dividend on Monday, January 23rd, Zacks reports. Investors of record on Thursday, February 2nd will be paid a dividend of 0.055 per share on Wednesday, February 15th. This represents a $0.66 annualized dividend and a yield of 5.71%. The ex-dividend date is Wednesday, February 1st.

First Trust Mortgage Income Fund has decreased its dividend payment by an average of 2.9% annually over the last three years.

First Trust Mortgage Income Fund Stock Performance

Shares of FMY opened at $11.55 on Wednesday. First Trust Mortgage Income Fund has a 12 month low of $10.52 and a 12 month high of $13.56. The stock’s 50-day moving average is $11.53 and its two-hundred day moving average is $11.51.

Hedge Funds Weigh In On First Trust Mortgage Income Fund

An institutional investor recently raised its position in First Trust Mortgage Income Fund stock. Advisor Group Holdings Inc. increased its position in First Trust Mortgage Income Fund (NYSE:FMYGet Rating) by 16.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,892 shares of the company’s stock after purchasing an additional 1,567 shares during the quarter. Advisor Group Holdings Inc.’s holdings in First Trust Mortgage Income Fund were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.

First Trust Mortgage Income Fund Company Profile

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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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Dividend History for First Trust Mortgage Income Fund (NYSE:FMY)

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