Reminder - First Trust Mortgage Income Fund (FMY) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 11/1/13, First Trust Mortgage Income Fund (FMY) will trade ex-dividend, for its monthly dividend of $0.085, payable on 11/15/13. As a percentage of FMY's recent stock price of $15.79, this dividend works out to approximately 0.54%, so look for shares of First Trust Mortgage Income Fund to trade 0.54% lower — all else being equal — when FMY shares open for trading on 11/1/13.

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Below is a dividend history chart for FMY, showing historical dividends prior to the most recent $0.085 declared by First Trust Mortgage Income Fund:

FMY+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FMY is likely to continue, and whether the current estimated yield of 6.46% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of FMY shares, versus its 200 day moving average:

First Trust Mortgage Income Fund 200 Day Moving Average Chart

Looking at the chart above, FMY's low point in its 52 week range is $15.06 per share, with $19.02 as the 52 week high point — that compares with a last trade of $15.79.

In Wednesday trading, First Trust Mortgage Income Fund shares are currently up about 0.1% on the day.

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