First Trust Mortgage Income Fund (NYSE:FMY) Plans $0.07 Monthly Dividend

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Thursday, August 20th. Investors of record on Tuesday, September 1st will be given a dividend of 0.065 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Tuesday, September 1st.

First Trust Mortgage Income Fund Price Performance

NYSE:FMY opened at $11.70 on Friday. First Trust Mortgage Income Fund has a twelve month low of $11.40 and a twelve month high of $12.39. The company’s 50 day moving average is $11.68 and its two-hundred day moving average is $11.79.

About First Trust Mortgage Income Fund

First Trust Mortgage Income Fund (NYSE:FMY) is a closed-end management investment company that seeks to provide high current income by investing primarily in a diversified portfolio of mortgage-related securities. The fund’s investment strategy focuses on residential and commercial mortgage-backed securities (MBS) issued or guaranteed by U.S. government agencies, government-sponsored entities and private issuers, as well as other mortgage-related assets such as collateralized mortgage obligations (CMOs) and mortgage passthrough securities.

Since commencing operations in mid-2002, FMY has employed a disciplined, fundamental research process to construct a portfolio designed to capture income opportunities across the U.S.