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

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Tuesday, July 20th, Zacks reports. Shareholders of record on Tuesday, August 3rd will be paid a dividend of 0.06 per share on Monday, August 16th. This represents a $0.72 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend is Monday, August 2nd.

NYSE FMY traded down $0.04 during trading hours on Thursday, reaching $13.91. 2,375 shares of the company traded hands, compared to its average volume of 6,688. First Trust Mortgage Income Fund has a 12 month low of $13.13 and a 12 month high of $14.25. The stock has a 50 day simple moving average of $13.70.

About First Trust Mortgage Income Fund

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.

Featured Article: Trading Stocks – What are percentage gainers?

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

Receive News & Ratings for First Trust Mortgage Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Mortgage Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.