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, December 18th. Investors of record on Wednesday, December 31st will be given a dividend of 0.065 per share on Thursday, January 15th. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Wednesday, December 31st.

First Trust Mortgage Income Fund Price Performance

Shares of FMY opened at $11.85 on Friday. First Trust Mortgage Income Fund has a 1 year low of $11.55 and a 1 year high of $12.39. The company’s fifty day moving average is $12.05 and its two-hundred day moving average is $12.14.

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.