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First Trust Mortgage Income Fund (FMY) declares a monthly dividend of $0.08, boosting its annual yield to 7.44%.
First Trust Mortgage Income Fund (FMY) announced a monthly dividend of $0.08, payable to shareholders on record as of March 3, with payment on March 17.
This translates to an annual dividend of $0.90, yielding 7.44%.
The fund has increased its dividend by an average of 39.3% annually over the past three years.
FMY's shares rose to $12.10 on February 21, trading 1,728 shares.
Managed by First Trust Advisors L.P. and Brookfield Investment Management Inc, the fund invests in fixed income securities like mortgage-backed securities.
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Primer Fondo Fiduciario de Rentas Hipotecarias (FMY) declara un dividendo mensual de $0.08, aumentando su rendimiento anual a 7.44%.