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

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Tuesday, April 23rd, Wall Street Journal reports. Investors of record on Thursday, May 2nd will be given a dividend of 0.0825 per share on Wednesday, May 15th. This represents a $0.99 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date of this dividend is Wednesday, May 1st.

First Trust Mortgage Income Fund has increased its dividend by an average of 3.8% per year over the last three years and has raised its dividend every year for the last 1 years.

First Trust Mortgage Income Fund Stock Up 0.8 %

NYSE FMY traded up $0.09 during trading hours on Tuesday, reaching $11.78. The company’s stock had a trading volume of 5,284 shares, compared to its average volume of 9,859. First Trust Mortgage Income Fund has a 1 year low of $10.71 and a 1 year high of $12.18. The firm’s 50-day moving average price is $11.86 and its 200-day moving average price is $11.66.

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.