First Trust Mortgage Income Fund (FMY) to Issue Monthly Dividend of $0.07 on July 15th

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Thursday, June 18th. Investors of record on Wednesday, July 1st will be given a dividend of 0.065 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Wednesday, July 1st.

First Trust Mortgage Income Fund Price Performance

Shares of FMY stock opened at $11.90 on Monday. The business’s fifty day moving average is $11.74 and its 200 day moving average is $11.91. First Trust Mortgage Income Fund has a twelve month low of $11.40 and a twelve month high of $12.39.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of First Trust Mortgage Income Fund in the 2nd quarter worth approximately $31,000. Uhlmann Price Securities LLC lifted its position in First Trust Mortgage Income Fund by 45.7% in the 4th quarter. Uhlmann Price Securities LLC now owns 23,674 shares of the company’s stock valued at $288,000 after acquiring an additional 7,423 shares in the last quarter. Noble Wealth Management PBC raised its stake in shares of First Trust Mortgage Income Fund by 60.4% in the fourth quarter. Noble Wealth Management PBC now owns 46,681 shares of the company’s stock worth $567,000 after purchasing an additional 17,572 shares during the last quarter. Finally, Sit Investment Associates Inc. increased its holdings in First Trust Mortgage Income Fund by 1.4% in the 4th quarter. Sit Investment Associates Inc. now owns 2,297,106 shares of the company’s stock worth $27,910,000 after buying an additional 31,512 shares in the last quarter.

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.