First Trust Mortgage Income Fund (FMY) to Issue Monthly Dividend of $0.07 on February 17th

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Tuesday, January 20th. Shareholders of record on Monday, February 2nd will be given a dividend of 0.065 per share on Tuesday, February 17th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, February 2nd.

First Trust Mortgage Income Fund Stock Performance

Shares of NYSE FMY opened at $12.30 on Thursday. The stock’s 50 day moving average price is $12.06 and its 200-day moving average price is $12.15. First Trust Mortgage Income Fund has a twelve month low of $11.65 and a twelve month 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.