First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) declared a monthly dividend on Wednesday, November 20th,NASDAQ Dividends reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.075 per share on Monday, December 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date is Monday, December 2nd.
First Trust Mortgage Income Fund has raised its dividend by an average of 8.4% annually over the last three years.
First Trust Mortgage Income Fund Stock Up 0.2 %
NYSE:FMY traded up $0.02 during trading hours on Thursday, hitting $11.85. 950 shares of the company were exchanged, compared to its average volume of 8,898. First Trust Mortgage Income Fund has a 52-week low of $11.13 and a 52-week high of $12.72. The company’s 50 day moving average price is $12.22 and its 200-day moving average price is $12.13.
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.
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