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 Wednesday, November 20th,NASDAQ Dividends reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.075 per share on Monday, December 16th. This represents a $0.90 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date is Monday, December 2nd.

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

First Trust Mortgage Income Fund Price Performance

First Trust Mortgage Income Fund stock opened at $11.85 on Friday. The company’s 50-day moving average price is $12.21 and its two-hundred day moving average price is $12.13. First Trust Mortgage Income Fund has a 52 week low of $11.13 and a 52 week high of $12.72.

First Trust Mortgage Income Fund Company Profile

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.