First Trust Mortgage Income Fund (NYSE:FMY) Announces Monthly Dividend of $0.08

First Trust Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Thursday, December 19th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.075 per share on Wednesday, January 15th. This represents a $0.90 annualized dividend and a yield of 7.54%. The ex-dividend date is Tuesday, December 31st.

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

First Trust Mortgage Income Fund Trading Down 0.9 %

FMY stock traded down $0.11 during midday trading on Friday, reaching $11.94. 7,694 shares of the company’s stock traded hands, compared to its average volume of 8,563. The company has a 50-day moving average price of $12.09 and a two-hundred day moving average price of $12.16. First Trust Mortgage Income Fund has a 52 week low of $11.48 and a 52 week high of $12.72.

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.