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.
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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