First Trust Mortgage Income Fund (NYSE:FMY) Announces Monthly Dividend of $0.08

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Monday, October 21st, NASDAQ reports. Stockholders of record on Friday, November 1st will be paid a dividend of 0.075 per share on Friday, November 15th. This represents a $0.90 annualized dividend and a dividend yield of 7.49%. The ex-dividend date of this dividend is Friday, November 1st.

First Trust Mortgage Income Fund has increased its dividend by an average of 8.4% annually over the last three years.

First Trust Mortgage Income Fund Trading Down 0.7 %

Shares of First Trust Mortgage Income Fund stock opened at $12.02 on Thursday. First Trust Mortgage Income Fund has a 1 year low of $10.84 and a 1 year high of $12.72. The company has a 50 day simple moving average of $12.34 and a two-hundred day simple moving average of $12.11.

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.