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

First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) announced a monthly dividend on Monday, September 21st. Investors of record on Thursday, October 1st will be given a dividend of 0.065 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, October 1st.

First Trust Mortgage Income Fund Trading Up 0.3%

NYSE:FMY opened at $11.55 on Wednesday. The business’s 50-day simple moving average is $11.59 and its 200 day simple moving average is $11.70. First Trust Mortgage Income Fund has a one year low of $11.21 and a one year high of $12.36.

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First Trust Mortgage Income Fund Company Profile

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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.

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