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

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Monday, April 22nd, 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 annualized dividend 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 payment by an average of 3.8% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

First Trust Mortgage Income Fund Trading Up 0.8 %

First Trust Mortgage Income Fund stock opened at $11.78 on Wednesday. The stock has a fifty day moving average price of $11.86 and a 200 day moving average price of $11.66. First Trust Mortgage Income Fund has a 52 week low of $10.71 and a 52 week high of $12.18.

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.