First Trust Mortgage Income Fund (NYSE:FMY – Get Rating) declared a monthly dividend on Monday, January 23rd, Zacks reports. Stockholders of record on Thursday, February 2nd will be given a dividend of 0.055 per share on Wednesday, February 15th. This represents a $0.66 annualized dividend and a dividend yield of 5.71%. The ex-dividend date is Wednesday, February 1st.
First Trust Mortgage Income Fund has decreased its dividend payment by an average of 2.9% per year over the last three years.
First Trust Mortgage Income Fund Stock Performance
FMY opened at $11.55 on Wednesday. The business has a fifty day simple moving average of $11.53 and a 200-day simple moving average of $11.51. First Trust Mortgage Income Fund has a 52 week low of $10.52 and a 52 week high of $13.56.
Institutional Inflows and Outflows
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.
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