First Trust Mortgage Income Fund (FMY) To Go Ex-Dividend on July 1st

First Trust Mortgage Income Fund (NYSE:FMY – Get Rating) declared a monthly dividend on Tuesday, June 21st, Zacks reports. Shareholders of record on Tuesday, July 5th will be given a dividend of 0.055 per share on Friday, July 15th. This represents a $0.66 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend is Friday, July 1st.

First Trust Mortgage Income Fund has decreased its dividend payment by an average of 1.4% per year over the last three years.

NYSE FMY opened at $11.63 on Thursday. The company has a 50 day simple moving average of $11.72 and a 200-day simple moving average of $12.56. First Trust Mortgage Income Fund has a 52-week low of $11.50 and a 52-week high of $14.08.

A hedge fund recently raised its stake in First Trust Mortgage Income Fund stock. Advisor Group Holdings Inc. grew its stake in shares of First Trust Mortgage Income Fund (NYSE:FMY – Get Rating) by 16.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,892 shares of the company’s stock after acquiring an additional 1,567 shares during the period. Advisor Group Holdings Inc.’s holdings in First Trust Mortgage Income Fund were worth $134,000 as of its most recent SEC filing.

About First Trust Mortgage Income Fund (Get Rating)

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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