First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) declared a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 7.43%. The ex-dividend date of this dividend is Monday, March 3rd.
First Trust Mortgage Income Fund has increased its dividend by an average of 39.3% annually over the last three years.
First Trust Mortgage Income Fund Price Performance
FMY stock opened at $12.11 on Friday. First Trust Mortgage Income Fund has a 12 month low of $11.48 and a 12 month high of $12.72. The company’s 50-day moving average price is $11.97 and its two-hundred day moving average price is $12.14.
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.
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