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

First Trust/FIDAC Mortgage Income Fund (NYSE:FMY) announced a monthly dividend on Wednesday, November 20th, Zacks reports. Stockholders of record on Tuesday, December 3rd will be paid a dividend of 0.06 per share on Monday, December 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date is Monday, December 2nd.

Shares of NYSE:FMY opened at $13.89 on Friday. The company has a 50 day moving average of $13.96 and a 200-day moving average of $13.86. First Trust/FIDAC Mortgage Income Fund has a twelve month low of $12.94 and a twelve month high of $14.18.

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

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