First Trust/FIDAC Mortgage Income Fund (NYSE:FMY) Announces Monthly Dividend of $0.06

First Trust/FIDAC Mortgage Income Fund (NYSE:FMY) declared a monthly dividend on Thursday, June 20th, NASDAQ reports. Shareholders of record on Tuesday, July 2nd will be paid a dividend of 0.06 per share on Monday, July 15th. This represents a $0.72 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Monday, July 1st.

First Trust/FIDAC Mortgage Income Fund has decreased its dividend by an average of 10.1% annually over the last three years.

Shares of NYSE:FMY remained flat at $$13.97 during trading on Friday. The stock had a trading volume of 6,484 shares, compared to its average volume of 6,598. First Trust/FIDAC Mortgage Income Fund has a fifty-two week low of $12.74 and a fifty-two week high of $14.10. The company’s 50 day moving average price is $13.93.

First Trust/FIDAC Mortgage Income Fund Company Profile

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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Dividend History for First Trust/FIDAC Mortgage Income Fund (NYSE:FMY)

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