First Trust Mortgage Income Fund (FMY) Dividend Calculator
First Trust Mortgage Income Fund · how much FMY pays you, by shares or dollars · updated
100 shares of First Trust Mortgage Income Fund (FMY) pay $78.00 a year in dividends, about $6.50 each month, at the current monthly dividend of $0.0650 per share (as of Nov 5, 2026). At the $11.19 share price that is a 6.97% yield, so $10,000 buys about 893.7 shares and pays about $697 a year.
Per share, a year
$0.78
100 shares, a year
$78.00
$10,000 invested, a year
$697.05
Shares for $1,000 a month
15,385
FMY First Trust Mortgage Income Fund
$11.19 · $0.78/yr dividend · 6.98% yield · monthly
Annual income
$78.00
Monthly (average)
$6.50
Per payment (monthly)
$6.50
Dividend yield
6.97%
Yield on cost
—
Enter your cost
Position value
$1,119
Your payments over the next 12 months
Based on FMY's actual pay dates over the past year
Income over 10 years if the dividend keeps growing 3.13% a year
Same shares, no reinvestment. Year 10: $103 · 10-year total: $900. Add reinvestment in the DRIP calculator →
How many FMY shares for a monthly income
Shares and money needed to earn each monthly amount from First Trust Mortgage Income Fund dividends alone, at today's rate and price, before tax. Spreading it across several stocks lowers the risk that one cut hits your whole income.
| Monthly income | Shares needed | Cost today |
|---|---|---|
| $100 a month | 1,539 | $17,221 |
| $250 a month | 3,847 | $43,048 |
| $500 a month | 7,693 | $86,085 |
| $1,000 a month | 15,385 | $172,158 |
| $2,000 a month | 30,770 | $344,316 |
| $5,000 a month | 76,924 | $860,780 |
What 100 shares of FMY paid each year
Holding 100 shares, you would have received $87.00 in 2016 and $84.00 in 2025, down 3%, without buying another share. If the dividend kept growing 3.1% a year, its five-year pace, the same 100 shares would pay about $103 in year 10. That is a projection, not a promise.
How the FMY dividend is calculated
Yearly income = shares × $0.78
Each payment = shares × $0.0650
Shares for a monthly income = (monthly goal × 12) ÷ $0.78
The rate is First Trust Mortgage Income Fund's current dividend as of Nov 5, 2026. A board can raise, cut or skip a dividend, so check the FMY dividend safety grade before counting on it.
Key facts: First Trust Mortgage Income Fund (FMY) dividend income
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, 100 shares of First Trust Mortgage Income Fund (FMY) pay $78.00 a year in dividends before tax, about $6.50 each month, at $0.78 per share a year.
- At its Nov 5, 2026 share price of $11.19, FMY yields 6.97%: $10,000 buys about 893.7 shares, which pay about $697.05 a year.
- Earning $1,000 a month ($12,000 a year) from FMY dividends alone takes about 15,385 shares, roughly $172,158 at today's price, before tax.
- 100 shares of FMY paid $87.00 in dividends in 2016 and $84.00 in 2025, down 3%.
Cite this page
SmarterDividends, "First Trust Mortgage Income Fund (FMY) Dividend Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/FMY/dividend-calculator
Frequently asked questions
How much dividend does 100 shares of FMY pay?
As of Nov 5, 2026, 100 shares of First Trust Mortgage Income Fund (FMY) pay $78.00 a year in dividends before tax, about $6.50 each month, at $0.78 per share a year.
How much dividend does 1,000 shares of FMY pay?
About $780 a year before tax, or $65.00 each month, at First Trust Mortgage Income Fund's current rate of $0.78 per share a year. Buying 1,000 shares costs about $11,190 at the Nov 5, 2026 price.
How many shares of FMY do I need to make $1,000 a month?
About 15,385 shares. $1,000 a month is $12,000 a year; divided by $0.78 a share, that's 15,385 shares, or about $172,158 at today's $11.19 price. Taxes in a regular brokerage account raise the number.
How much do I need to invest in FMY to make $100 a month?
About $17,215. $100 a month is $1,200 a year, and at a 6.97% yield that takes $17,215, or about 1,539 shares.
How often does First Trust Mortgage Income Fund pay dividends?
First Trust Mortgage Income Fund (FMY) pays every month, so you get 12 payments a year of about $0.0650 per share each.
How is the FMY dividend calculated?
Multiply your shares by the dividend per share. First Trust Mortgage Income Fund pays about $0.78 per share a year, so each share earns $0.78 a year and $0.0650 each month. Shares bought on or after the ex-dividend date don't get the next payment.
Are FMY dividends taxed?
In a U.S. taxable account, yes. Regular dividends from most U.S. companies are qualified, taxed at 0%, 15% or 20%, if you held the shares more than 60 days around the ex-dividend date. Foreign companies may also withhold tax at source. Inside an IRA, Roth IRA or 401(k), dividends aren't taxed when paid.
Figures use SmarterDividends data as of Nov 5, 2026, before tax, and assume the current dividend rate holds. For information only, not investment or tax advice. Back to FMY