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

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Thursday, March 19th. Investors of record on Wednesday, April 1st will be given a dividend of 0.065 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Wednesday, April 1st.

First Trust Mortgage Income Fund Price Performance

Shares of FMY opened at $11.63 on Monday. The business’s 50-day moving average price is $11.99 and its 200 day moving average price is $12.06. First Trust Mortgage Income Fund has a 1-year low of $11.40 and a 1-year high of $12.39.

First Trust Mortgage Income Fund Company Profile

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.