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

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Thursday, December 19th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.075 per share on Wednesday, January 15th. This represents a $0.90 annualized dividend and a dividend yield of 7.54%. The ex-dividend date of this dividend is Tuesday, December 31st.

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

First Trust Mortgage Income Fund Price Performance

NYSE:FMY opened at $11.94 on Friday. First Trust Mortgage Income Fund has a 12-month low of $11.48 and a 12-month high of $12.72. The firm has a 50-day moving average price of $12.09 and a 200 day moving average price of $12.16.

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.