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

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Thursday, August 20th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.065 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Tuesday, September 1st.

First Trust Mortgage Income Fund Stock Performance

Shares of First Trust Mortgage Income Fund stock opened at $11.70 on Friday. The stock’s 50-day moving average is $11.68 and its 200 day moving average is $11.79. First Trust Mortgage Income Fund has a one year low of $11.40 and a one year high of $12.39.

Institutional Inflows and Outflows

A hedge fund recently raised its position in First Trust Mortgage Income Fund stock. Sit Investment Associates Inc. boosted its stake in First Trust Mortgage Income Fund (NYSE:FMY) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,297,106 shares of the company’s stock after purchasing an additional 31,512 shares during the quarter. Sit Investment Associates Inc.’s holdings in First Trust Mortgage Income Fund were worth $27,910,000 as of its most recent SEC filing.

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.