First Trust Mortgage Income Fund (NYSE:FMY) Announces Monthly Dividend of $0.08

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Monday, February 3rd will be paid a dividend of 0.075 per share on Tuesday, February 18th. This represents a $0.90 dividend on an annualized basis and a yield of 7.44%. The ex-dividend date of this dividend is Monday, February 3rd.

First Trust Mortgage Income Fund has raised its dividend by an average of 40.1% annually over the last three years.

First Trust Mortgage Income Fund Trading Up 0.5 %

FMY opened at $12.10 on Friday. First Trust Mortgage Income Fund has a twelve month low of $11.48 and a twelve month high of $12.72. The firm’s fifty day moving average is $12.01 and its two-hundred day moving average is $12.16.

First Trust Mortgage Income Fund Company Profile

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.