First Trust/FIDAC Mortgage Income Fund Declares Monthly Dividend of $0.06 (NYSE:FMY)

First Trust/FIDAC Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Monday, June 22nd, Zacks reports. Stockholders of record on Thursday, July 2nd will be paid a dividend of 0.06 per share on Wednesday, July 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend is Wednesday, July 1st.

Shares of FMY opened at $13.66 on Tuesday. The firm’s 50-day moving average price is $13.59 and its 200-day moving average price is $13.67. First Trust/FIDAC Mortgage Income Fund has a 1-year low of $12.17 and a 1-year high of $14.78.

First Trust/FIDAC 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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Dividend History for First Trust/FIDAC Mortgage Income Fund (NYSE:FMY)

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