First Trust Mortgage Income Fund (NYSE:FMY) Declares $0.07 Monthly Dividend

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Monday, July 20th. Investors of record on Monday, August 3rd will be paid a dividend of 0.065 per share on Monday, August 17th. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Monday, August 3rd.

First Trust Mortgage Income Fund Stock Down 0.3%

NYSE:FMY opened at $11.60 on Tuesday. First Trust Mortgage Income Fund has a fifty-two week low of $11.40 and a fifty-two week high of $12.39. The firm’s 50 day moving average is $11.67 and its two-hundred day moving average is $11.89.

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.