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

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Monday, July 20th. Shareholders of record on Monday, August 3rd will be paid a dividend of 0.065 per share on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Monday, August 3rd.

First Trust Mortgage Income Fund Trading Down 0.3%

FMY opened at $11.60 on Tuesday. The stock has a 50-day moving average of $11.67 and a 200-day moving average of $11.89. First Trust Mortgage Income Fund has a 52-week low of $11.40 and a 52-week high of $12.39.

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.