First Trust/FIDAC Mortgage Income Fund (NYSE:FMY) shot up 0.2% on Tuesday after the company announced a dividend. The company traded as high as $14.08 and last traded at $14.08, 2,518 shares were traded during mid-day trading. A decline of 68% from the average session volume of 7,825 shares. The stock had previously closed at $14.05.
The newly announced dividend which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 5.09%.
The stock’s 50-day simple moving average is $14.01 and its 200 day simple moving average is $13.91.
About First Trust/FIDAC Mortgage Income Fund (NYSE:FMY)
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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