First Trust Mortgage Income Fund (FMY) to Distribute Monthly Dividend of $0.07 on November 16th

First Trust Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Tuesday, October 20th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.0650 per share on Monday, November 16th. This represents a $0.78 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Monday, November 2nd.

First Trust Mortgage Income Fund Trading Up 1.1%

NYSE:FMY opened at $11.30 on Friday. The business’s 50-day moving average is $11.32 and its 200 day moving average is $11.70. First Trust Mortgage Income Fund has a 12 month low of $10.67 and a 12 month high of $12.36.

About First Trust Mortgage Income Fund

First Trust Mortgage Income Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol FMY. The fund is designed to provide investors with a high level of current income, with long-term capital appreciation serving as a secondary objective.

The fund invests primarily in mortgage-related securities, including residential and commercial mortgage-backed securities and other instruments linked to mortgage credit. Its portfolio may include both agency and non-agency securities, allowing the fund to pursue income across different segments of the mortgage market while managing credit, interest-rate and prepayment risks.

First Trust Mortgage Income Fund is advised by First Trust Advisors L.P., an investment management firm affiliated with First Trust.