First Trust/FIDAC Mortgage Income Fund (NYSE:FMY) Trading Up 0.2% Following Dividend Announcement
First Trust/FIDAC Mortgage Income Fund (NYSE:FMY) shares were up 0.2% during trading on Tuesday after the company announced a dividend. The stock traded as high as $14.08 and last traded at $14.08, approximately 2,518 shares were traded during trading. A decline of 68% from the average daily volume of 7,825 shares. The stock had previously closed at $14.05.
The newly announced dividend which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Monday, February 3rd.
The firm has a 50-day moving average price of $14.01 and a 200 day moving average price of $13.91.
First Trust/FIDAC Mortgage Income Fund Company Profile (NYSE:FMY)
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.
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