First Trust Mortgage Income Fund Dividend

Dividend criteria checks 3/6

First Trust Mortgage Income Fund is a dividend paying company with a current yield of 8.35%. Next payment date is on 15th May, 2024 with an ex-dividend date of 1st May, 2024.

Key information

8.3%

Dividend yield

215%

Payout ratio

Industry average yield	2.4%
Next dividend pay date	15 May 24
Ex dividend date	01 May 24
Dividend per share	n/a
Earnings per share	US$0.32
Dividend yield forecast in 3Y	n/a

Recent dividend updates

Recent updates

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: FMY's dividends per share have been stable in the past 10 years.

Growing Dividend: FMY's dividend payments have fallen over the past 10 years.

Dividend Yield vs Market

First Trust Mortgage Income Fund Dividend Yield vs Market

How does FMY dividend yield compare to the market?
Segment	Dividend Yield
Company (FMY)	8.3%
Market Bottom 25% (US)	1.6%
Market Top 25% (US)	4.8%
Industry Average (Capital Markets)	2.4%
Analyst forecast in 3 Years (FMY)	n/a

Notable Dividend: FMY's dividend (8.35%) is higher than the bottom 25% of dividend payers in the US market (1.56%).

High Dividend: FMY's dividend (8.35%) is in the top 25% of dividend payers in the US market (4.82%)

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (214.7%), FMY's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate FMY's cash payout ratio to determine if its dividend payments are covered by cash flows.

First Trust Mortgage Income Fund Dividend

Dividend criteria checks 3/6

Key information

Recent dividend updates

First Trust Mortgage Income Fund Declares Monthly Common Share Distribution for March 2024, Payable on March 15, 2024

First Trust Mortgage Income Fund Declares Monthly Common Share Distribution, Payable on February 15, 2024

First Trust Mortgage Income Fund Increases its Monthly Common Share Distribution December 2023, Payable on December 15, 2023

First Trust Mortgage Income Fund Increases Regularly Scheduled Monthly Common Share Distribution, Payable on October 16, 2023

First Trust Mortgage Income Fund Increases Monthly Common Share Distribution for September, Payable on September 15, 2023

Press Release: First Trust Mortgage Income Fund Declares Its Monthly Common Share Distribution for July, Payable July 17, 2023

Recent updates

First Trust Enhanced Equity Income Fund, First Trust Mortgage Income Fund, First Trust Intermediate Duration Preferred & Income Fund, Annual General Meeting, Apr 30, 2024

First Trust Mortgage Income Fund Declares Monthly Common Share Distribution for March 2024, Payable on March 15, 2024

First Trust Mortgage Income Fund Declares Monthly Common Share Distribution, Payable on February 15, 2024

First Trust Mortgage Income Fund Increases its Monthly Common Share Distribution December 2023, Payable on December 15, 2023

First Trust Mortgage Income Fund Increases Regularly Scheduled Monthly Common Share Distribution, Payable on October 16, 2023

First Trust Mortgage Income Fund Appoints Bronwyn Wright as A Class III Trustee, Member of Audit Committee, Valuation Committee and the Nominating and Governance Committee

First Trust Mortgage Income Fund Increases Monthly Common Share Distribution for September, Payable on September 15, 2023

Press Release: First Trust Mortgage Income Fund Declares Its Monthly Common Share Distribution for July, Payable July 17, 2023

First Trust Mortgage Income Fund declares $0.055 dividend

First Trust Mortgage Income Fund Declares Monthly Common Share Distribution for February, Payable on February 15, 2023

First Trust Mortgage Income Fund declares $0.055 dividend

First Trust Mortgage Income Fund Declares Monthly Common Share Distribution for January, Payable on January 17, 2023

First Trust Mortgage Income Fund declares $0.055 dividend

First Trust Mortgage Income Fund Declares Monthly Distribution, Payable on December 15, 2022

First Trust Mortgage Income Fund Declares Distribution for the Month of November, Payable on November 15, 2022

First Trust Mortgage Income Fund declares $0.055 dividend

First Trust Mortgage Income Fund Declares Its Monthly Common Share Distribution for October, Payable on October 17, 2022

First Trust Mortgage Income Fund declares $0.055 dividend

First Trust Mortgage Income Fund Declares Monthly Distribution for September, Payable on September 15, 2022

First Trust Mortgage Income Fund declares $0.055 dividend

First Trust Mortgage Income Fund goes ex dividend tomorrow

First Trust Mortgage Income Fund Declares Regularly Scheduled Monthly Common Share Distribution, Payable on August 15, 2022

First Trust Mortgage Income Fund Declares Regularly Scheduled Monthly Common Share Distribution, Payable on July 15, 2022

First Trust Mortgage Income Fund Declares Regularly Scheduled Monthly Common Share Distribution, Payable on June 15, 2022

First Trust Mortgage Income Fund Declares Its Monthly Common Share Distribution, Payable on May 2, 2022

First Trust Mortgage Income Fund Declares Monthly Common Share Distribution, Payable on June 15, 2021

First Trust Mortgage Income Fund declares $0.06 dividend

First Trust Mortgage Income Fund declares $0.06 dividend

Stability and Growth of Payments

Dividend Yield vs Market

Earnings Payout to Shareholders

Cash Payout to Shareholders