First Trust Mortgage Income Fund Announces Monthly Dividend of $0.07 (NYSE:FMY)

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Tuesday, January 20th. Stockholders of record on Monday, February 2nd will be paid a dividend of 0.065 per share on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Monday, February 2nd.

First Trust Mortgage Income Fund Trading Up 0.4%

Shares of First Trust Mortgage Income Fund stock traded up $0.06 during trading on Wednesday, reaching $12.32. The company’s stock had a trading volume of 102 shares, compared to its average volume of 7,383. The business’s 50-day moving average price is $12.05 and its 200-day moving average price is $12.15. First Trust Mortgage Income Fund has a 52 week low of $11.65 and a 52 week high of $12.39.

First Trust Mortgage Income Fund Company Profile

First Trust Mortgage Income Fund (NYSE:FMY) is a closed-end management investment company that seeks to provide high current income by investing primarily in a diversified portfolio of mortgage-related securities. The fund’s investment strategy focuses on residential and commercial mortgage-backed securities (MBS) issued or guaranteed by U.S. government agencies, government-sponsored entities and private issuers, as well as other mortgage-related assets such as collateralized mortgage obligations (CMOs) and mortgage passthrough securities.

Since commencing operations in mid-2002, FMY has employed a disciplined, fundamental research process to construct a portfolio designed to capture income opportunities across the U.S.