First Trust Mortgage Income Fund (NYSE:FMY) to Issue $0.08 Monthly Dividend

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Thursday, September 19th, NASDAQ reports. Investors of record on Tuesday, October 1st will be paid a dividend of 0.075 per share on Tuesday, October 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date of this dividend is Tuesday, October 1st.

First Trust Mortgage Income Fund has increased its dividend by an average of 8.4% per year over the last three years.

First Trust Mortgage Income Fund Stock Down 0.6 %

First Trust Mortgage Income Fund stock traded down $0.08 during trading hours on Friday, reaching $12.44. 3,092 shares of the company were exchanged, compared to its average volume of 7,672. First Trust Mortgage Income Fund has a 12 month low of $10.71 and a 12 month high of $12.60. The stock has a 50-day moving average of $12.29 and a 200 day moving average of $12.03.

About First Trust Mortgage Income Fund

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.