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

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.075 per share on Monday, March 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.44%. The ex-dividend date is Monday, March 3rd.

First Trust Mortgage Income Fund has raised its dividend by an average of 39.3% annually over the last three years.

First Trust Mortgage Income Fund Stock Performance

Shares of NYSE:FMY traded up $0.03 during trading on Friday, reaching $12.10. The stock had a trading volume of 1,728 shares, compared to its average volume of 4,612. First Trust Mortgage Income Fund has a 52 week low of $11.48 and a 52 week high of $12.72. The business’s 50-day moving average price is $11.97 and its 200 day moving average price is $12.15.

About First Trust Mortgage Income Fund

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.