NYSE · Asset Management · USD

First Trust Mortgage Income Fund (FMY) Stock Analysis

First Trust Mortgage Income Fund (FMY) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

FMY

$10.91

−$0.45 (−4.00%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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FMY Key Statistics

As of Oct 21, 2026

Trading

Open: $11.40
Previous Close: $11.36
Day's Range: 10.90–11.25
52-Week Range: 10.67–12.36
Volume: 5.48K
Beta: 0.27

Valuation

Market Cap: $45.97M
P/E Ratio: 15.59
P/S ratio: 14.82
EPS (ttm): 0.70

Financials (FY)

Revenue (FY): $4.85M−41.78%
Net Income (FY): $4.55M−43.23%
Profit margin: 95.62%
Shares Outstanding: 4.21M
1-Year Return: −5.49%

Dividend and dates

Dividend: $0.78+6.86%
Ex-Dividend Date: October 1, 2026
Avg Volume: 3.95K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, FMY closed at $10.91, −5.49% over 1 year.

First Trust Mortgage Income Fund (FMY) has a market capitalization of $45.97M.

In fiscal 2025, FMY reported revenue of $4.85M.

FMY Stock Return by Calendar Year

First Trust Mortgage Income Fund (FMY) 10-year return: what $10,000 became

1 year: $10,000 $9,451; −5.49%
5 years: $10,000 $10,981; +9.81%
10 years: $10,000 $13,954; +39.54%

If you had invested $10,000 in First Trust Mortgage Income Fund (FMY) 10 years ago, at the close on October 21, 2016, it would have been worth $13,954 at the close on October 21, 2026: +39.54% in total, +3.39% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−13.03%+16.10%−6.70%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−6.70%
2025	+8.61%
2024	+7.10%
2023	+16.10%
2022	−13.03%
2021	+3.13%
2020	+4.67%
2019	+12.92%
2018	−3.40%
2017	+7.24%
2016 (partial year)	−1.44%

As of October 21, 2026.

FMY Revenue and Earnings by Fiscal Year

FY ends October

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$4.85M	$4.55M	94.0%
2024	$8.32M	$8.02M	96.4%
2023	$1.60M	$1.33M	83.5%
2022	−$4.67M	−$4.94M	105.6%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$4.85M	—	—	$4.55M	94.0%
2024	$8.32M	—	—	$8.02M	96.4%
2023	$1.60M	—	—	$1.33M	83.5%
2022	−$4.67M	—	—	−$4.94M	105.6%

Annual figures as reported, in the company's reporting currency. As of October 31, 2025.

FMY Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.84−12.1% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.52	8	—
2025	$0.84	12	−12.1%
2024	$0.96	12	+18.5%
2023	$0.81	13	+22.3%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.52	8	—
2025	$0.84	12	−12.1%
2024	$0.96	12	+18.5%
2023	$0.81	13	+22.3%
2022	$0.66	12	−7.0%
2021	$0.71	12	−1.4%
2020	$0.72	12	+0.0%
2019	$0.72	12	−2.7%
2018	$0.74	12	−5.1%
2017	$0.78	12	+500.0%
2016	$0.13	2	—

Most recent payment: $0.07 per share, ex-dividend September 1, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

FMY Valuation vs Asset Management Median

Median of 512 stocks

Metric	FMY	Asset Management median	vs median
P/E	15.59	9.44	65% above
P/S ratio	14.82	8.59	72% above
Profit margin	95.62%	74.97%	20.7 pts above

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

First Trust Mortgage Income Fund (FMY) is capitalised at $45.97M on the latest close. The company sits in the Financial Services sector, in the Asset Management industry.

FMY last closed at $10.91 on October 21, 2026. That is −$0.45 (−4.00%) against the previous close. Over the past 52 weeks the price has ranged from $10.67 to $12.36. The latest close sits 2.25% above that 52-week low.

Financial Health

In fiscal 2025, First Trust Mortgage Income Fund reported revenue of $4.85M. Against the prior fiscal year total of $8.32M, that is a change of −41.78%. The same year closed with net income of $4.55M. That is −43.23% against the prior fiscal year. Profit margin runs at 95.62%. That is 20.7 percentage points above the Asset Management median of 74.97%. Trailing earnings per share are 0.7.

Across the 4 fiscal years on file, revenue moves from −$4.67M in 2022 to $4.85M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 15.59 times earnings. That is 65.15% above the Asset Management median of 9.44. Measured against sales, the shares trade at 14.82 times revenue. On price-to-sales that is 72.49% above the Asset Management median of 8.59. 512 Asset Management companies report these metrics, and the medians quoted come from that group.

The reported beta is 0.27. Annualized volatility over the trailing 10 years is 12.27%. The trailing one-year total return is −5.49%. Across 10 years the annualized return works out at +3.39%.

Growth & Income

Shareholders receive a dividend, yielding 6.86% on the latest price. That is 2.1 percentage points below the Asset Management median yield of 8.91%. The indicated annual rate is $0.78 a share. The ex-dividend date on file is October 1, 2026. Dividends are recorded for 11 calendar years; 2026 shows 8 payments totalling $0.52 a share. The year before, 2025, totalled $0.84 a share.

The strongest complete calendar year on file is 2023 at +16.10%; the weakest is 2022 at −13.03%. Of the 9 complete calendar years on file, 7 finished higher. So far in 2026 the total return is −6.70%.

Peer Comparison

First Trust Mortgage Income Fund (FMY) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
First Trust Mortgage Income Fund	FMY	$45.97M	15.6
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. First Trust Mortgage Income Fund trades at a P/E of 15.6.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About First Trust Mortgage Income Fund

First Trust Mortgage Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Brookfield Investment Management Inc. The fund invests in fixed income markets. It seeks to invest in fixed income securities including mortgage-backed securities, consisting of pass-through certificates, collateralized mortgage obligations, residential mortgage-backed securities, and commercial mortgage-backed securities. The fund was formerly known as the First Trust/FIDAC Mortgage Income Fund. First Trust Mortgage Income Fund was formed on May 25, 2005 and is domiciled in United States.

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