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

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Monday, September 21st. Shareholders of record on Thursday, October 1st will be given a dividend of 0.065 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, October 1st.

First Trust Mortgage Income Fund Price Performance

First Trust Mortgage Income Fund stock opened at $11.52 on Tuesday. First Trust Mortgage Income Fund has a fifty-two week low of $11.21 and a fifty-two week high of $12.36. The firm’s 50 day simple moving average is $11.60 and its 200-day simple moving average is $11.71.

Institutional Trading of First Trust Mortgage Income Fund

An institutional investor recently raised its position in First Trust Mortgage Income Fund stock. Sit Investment Associates Inc. increased its position in First Trust Mortgage Income Fund (NYSE:FMY) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,297,106 shares of the company’s stock after buying an additional 31,512 shares during the period. Sit Investment Associates Inc.’s holdings in First Trust Mortgage Income Fund were worth $27,910,000 at the end of the most recent reporting period.

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.