First Trust/FIDAC Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Tuesday, May 21st, Wall Street Journal reports. Shareholders of record on Tuesday, June 4th will be given a dividend of 0.06 per share on Monday, June 17th. This represents a $0.72 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Monday, June 3rd.
First Trust/FIDAC Mortgage Income Fund has decreased its dividend by an average of 10.1% per year over the last three years.
Shares of FMY stock opened at $13.64 on Wednesday. First Trust/FIDAC Mortgage Income Fund has a 1-year low of $12.74 and a 1-year high of $13.67.
About First Trust/FIDAC 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.
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