First Trust Mortgage Income Fund (NYSE:FMY) Stock to Pay Monthly Dividend of $0.07

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Tuesday, October 20th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.0650 per share on Monday, November 16th. This represents a $0.78 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Monday, November 2nd.

First Trust Mortgage Income Fund Price Performance

FMY traded down $0.12 during mid-day trading on Wednesday, reaching $11.24. 542 shares of the company traded hands, compared to its average volume of 4,934. The company’s fifty day moving average price is $11.41 and its 200-day moving average price is $11.62. First Trust Mortgage Income Fund has a 52-week low of $10.67 and a 52-week high of $12.36.

First Trust Mortgage Income Fund Company Profile

First Trust Mortgage Income Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol FMY. The fund is designed to provide investors with a high level of current income, with long-term capital appreciation serving as a secondary objective.

The fund invests primarily in mortgage-related securities, including residential and commercial mortgage-backed securities and other instruments linked to mortgage credit. Its portfolio may include both agency and non-agency securities, allowing the fund to pursue income across different segments of the mortgage market while managing credit, interest-rate and prepayment risks.

First Trust Mortgage Income Fund is advised by First Trust Advisors L.P., an investment management firm affiliated with First Trust.