First Trust Mortgage Income Fund (NYSE:FMY – Get Free Report) announced a monthly dividend on Monday, July 20th. Stockholders of record on Monday, August 3rd will be paid a dividend of 0.065 per share on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Monday, August 3rd.
First Trust Mortgage Income Fund Price Performance
NYSE:FMY opened at $11.54 on Friday. First Trust Mortgage Income Fund has a 1-year low of $11.40 and a 1-year high of $12.39. The business’s fifty day moving average price is $11.67 and its 200 day moving average price is $11.85.
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.
Further Reading
- Five stocks we like better than First Trust Mortgage Income Fund
- MarketBeat Week in Review – 07/27- 07/31
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
Receive News & Ratings for First Trust Mortgage Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Mortgage Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
