First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) declared a monthly dividend on Tuesday, January 20th. Shareholders of record on Monday, February 2nd will be paid a dividend of 0.065 per share on Tuesday, February 17th. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Monday, February 2nd.
First Trust Mortgage Income Fund Trading Down 0.1%
Shares of NYSE FMY opened at $12.25 on Wednesday. The firm’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.
About First Trust Mortgage Income Fund
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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