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

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Wednesday, May 20th. Investors of record on Monday, June 1st will be paid a dividend of 0.065 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Monday, June 1st.

First Trust Mortgage Income Fund Stock Up 0.7%

Shares of NYSE:FMY opened at $11.58 on Thursday. The business’s 50-day moving average is $11.82 and its 200 day moving average is $11.99. First Trust Mortgage Income Fund has a 1 year low of $11.40 and a 1 year high of $12.39.

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.