First Trust Mortgage Income Fund (FMY) to Issue Monthly Dividend of $0.07 on May 15th

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Monday, April 20th. Investors of record on Friday, May 1st will be given a dividend of 0.065 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Friday, May 1st.

First Trust Mortgage Income Fund Stock Performance

First Trust Mortgage Income Fund stock opened at $11.97 on Wednesday. First Trust Mortgage Income Fund has a 1 year low of $11.40 and a 1 year high of $12.39. The firm has a 50 day moving average price of $11.91 and a 200 day moving average price of $12.03.

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.