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

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Wednesday, November 20th,NASDAQ Dividends reports. Investors of record on Monday, December 2nd will be given a dividend of 0.075 per share on Monday, December 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date is Monday, December 2nd.

First Trust Mortgage Income Fund has raised its dividend payment by an average of 8.4% annually over the last three years.

First Trust Mortgage Income Fund Stock Performance

First Trust Mortgage Income Fund stock traded up $0.02 during midday trading on Thursday, reaching $11.85. The stock had a trading volume of 950 shares, compared to its average volume of 8,898. First Trust Mortgage Income Fund has a 52-week low of $11.13 and a 52-week high of $12.72. The company has a fifty day moving average of $12.22 and a 200 day moving average of $12.13.

About First Trust Mortgage Income Fund

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.