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

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Monday, November 22nd, Zacks reports. Shareholders of record on Thursday, December 2nd will be paid a dividend of 0.055 per share on Wednesday, December 15th. This represents a $0.66 annualized dividend and a yield of 4.94%. The ex-dividend date is Wednesday, December 1st.

First Trust Mortgage Income Fund has decreased its dividend by 7.7% over the last three years.

Shares of NYSE:FMY traded up $0.08 during trading on Wednesday, reaching $13.35. 2,609 shares of the company were exchanged, compared to its average volume of 5,785. The business’s fifty day simple moving average is $13.69. First Trust Mortgage Income Fund has a 12-month low of $13.13 and a 12-month high of $14.25.

Several large investors have recently modified their holdings of FMY. LPL Financial LLC increased its holdings in First Trust Mortgage Income Fund by 14.0% during the third quarter. LPL Financial LLC now owns 18,107 shares of the company’s stock valued at $249,000 after buying an additional 2,223 shares during the period. Bank of America Corp DE increased its holdings in First Trust Mortgage Income Fund by 29.6% during the second quarter. Bank of America Corp DE now owns 15,313 shares of the company’s stock valued at $211,000 after buying an additional 3,496 shares during the period. Finally, Morgan Stanley increased its holdings in First Trust Mortgage Income Fund by 35.1% during the second quarter. Morgan Stanley now owns 7,692 shares of the company’s stock valued at $106,000 after buying an additional 2,000 shares during the period.

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.

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

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