First Trust Mortgage Income Fund
FMYFinancial Services · Stock · monthly payer
$11.60
Add to PortfolioForward Yield
6.73%
Annual Dividend
$0.78
Payout Ratio
80%
5-Yr Growth
3.1%
Ex-Date
Jun 1, 2026
Frequency
Monthly
FMY Dividend Safety Score
53/ 100
Grade C
Borderline
Dividend-growth streak0 consecutive years of growth
Cut historyCut its dividend in 2025
Earnings payout coverage80% of earnings paid out
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is FMY a good dividend stock?
MixedFirst Trust Mortgage Income Fund (FMY) pays a monthly dividend yielding 6.73% ($0.78/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2025
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.73%
- Payout Ratio
- 80%
- Annual Dividend
- $0.78
- 5-Yr Avg Growth
- 3.1%
- Ex-Dividend Date
- Jun 1, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.26
- Market Cap
- $48.9M
- P/E Ratio
- 10.7
- 5-Yr Total Return
- -16%
- 52-Week Range
- $11.40 – $12.39
- Dividend Safety
- C · 53/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 1, 2026 | — | $0.0650 | regular |
| May 1, 2026 | — | $0.0650 | regular |
| Apr 1, 2026 | — | $0.0650 | regular |
| Mar 2, 2026 | — | $0.0650 | regular |
| Feb 2, 2026 | — | $0.0650 | regular |
| Dec 31, 2025 | — | $0.0650 | regular |
| Dec 1, 2025 | — | $0.0650 | regular |
| Nov 3, 2025 | — | $0.0650 | regular |
| Oct 1, 2025 | — | $0.0650 | regular |
| Sep 2, 2025 | — | $0.0700 | regular |
| Aug 1, 2025 | — | $0.0700 | regular |
| Jul 1, 2025 | — | $0.0700 | regular |
| Jun 2, 2025 | — | $0.0700 | regular |
| May 1, 2025 | — | $0.0750 | regular |
Income Calculator
At $0.78 / yr per share
Per payment (monthly)$6.50
Annual$78.00
Monthly avg$6.50
