FMY: First Trust Mortgage Income Fund Announces May Dividend Distribution

First Trust Mortgage Income Fund Announces May Dividend Distribution

Apr 29, 2026 14:17 UTC

FMY

Immediate term

First Trust Mortgage Income Fund (FMY) has confirmed its upcoming monthly dividend distribution, setting the ex-dividend date for May 1, 2026. This scheduled action is part of the fund's ongoing strategy to provide regular income streams to its shareholders. The fund will distribute $0.065 per share for the month. Based on current market pricing, this distribution contributes to an estimated annualized yield of 6.54%, providing a benchmark for investors evaluating the fund's income-generating capacity. In recent trading, FMY shares were priced at $12.04, placing the security comfortably within its 52-week trading range of $11.40 to $12.39. The fund experienced a marginal price decline of approximately 0.3% during Wednesday's session. While the dividend provides consistent returns for income-focused portfolios, the minimal price volatility surrounding the announcement suggests that the market had already anticipated the distribution. The fund continues to operate as a specialized vehicle for mortgage-backed income.

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