First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) to Issue $0.14 Monthly Dividend

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Monday, October 21st, NASDAQ reports. Shareholders of record on Friday, November 1st will be paid a dividend of 0.1375 per share on Friday, November 15th. This represents a $1.65 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date of this dividend is Friday, November 1st.

First Trust Intermediate Duration Preferred & Income Fund has decreased its dividend by an average of 7.4% annually over the last three years.

First Trust Intermediate Duration Preferred & Income Fund Stock Up 0.4 %

Shares of NYSE FPF opened at $18.71 on Thursday. The firm’s 50-day moving average price is $19.09 and its 200-day moving average price is $18.27. First Trust Intermediate Duration Preferred & Income Fund has a 52-week low of $14.06 and a 52-week high of $19.74.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

First Trust Intermediate Duration Preferred & Income Fund is a closed end fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Stonebridge Advisors, LLC. It invests in fixed income markets. The fund will also invest in below investment-grade securities like junk or high-yield securities.