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, November 20th. Stockholders of record on Monday, December 1st will be given a dividend of 0.065 per share on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, December 1st.

First Trust Mortgage Income Fund Stock Performance

Shares of FMY stock opened at $11.99 on Friday. The firm has a fifty day simple moving average of $12.14 and a 200-day simple moving average of $12.15. First Trust Mortgage Income Fund has a twelve month low of $11.55 and a twelve month high of $12.47.

First Trust Mortgage Income Fund Company Profile

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.