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

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

First Trust Mortgage Income Fund Stock Performance

NYSE FMY opened at $11.52 on Tuesday. The company’s fifty day moving average is $11.60 and its two-hundred day moving average is $11.71. First Trust Mortgage Income Fund has a 52-week low of $11.21 and a 52-week high of $12.36.

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.