First Trust Mortgage Income Fund (NYSE:FMY) to Issue Monthly Dividend of $0.08

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Thursday, September 19th, NASDAQ reports. Shareholders of record on Tuesday, October 1st will be paid a dividend of 0.075 per share on Tuesday, October 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date is Tuesday, October 1st.

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 Price Performance

FMY opened at $12.57 on Friday. The stock has a fifty day moving average price of $12.34 and a 200 day moving average price of $12.06. First Trust Mortgage Income Fund has a 1 year low of $10.71 and a 1 year high of $12.63.

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.