First Trust Mortgage Income Fund (NYSE:FMY) Shares to Pay Monthly Dividend of $0.07

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Tuesday, October 20th. Investors of record on Monday, November 2nd will be paid a dividend of $0.0650 per share on Monday, November 16th. This represents a $0.78 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Monday, November 2nd.

First Trust Mortgage Income Fund Stock Performance

FMY stock traded down $0.12 during midday trading on Wednesday, hitting $11.24. The company’s stock had a trading volume of 542 shares, compared to its average volume of 4,934. First Trust Mortgage Income Fund has a 12 month low of $10.67 and a 12 month high of $12.36. The firm’s 50-day moving average is $11.41 and its 200-day moving average is $11.62.

About First Trust Mortgage Income Fund

First Trust Mortgage Income Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol FMY. The fund is designed to provide investors with a high level of current income, with long-term capital appreciation serving as a secondary objective.

The fund invests primarily in mortgage-related securities, including residential and commercial mortgage-backed securities and other instruments linked to mortgage credit. Its portfolio may include both agency and non-agency securities, allowing the fund to pursue income across different segments of the mortgage market while managing credit, interest-rate and prepayment risks.

First Trust Mortgage Income Fund is advised by First Trust Advisors L.P., an investment management firm affiliated with First Trust.