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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Thursday, March 20th, Wall Street Journal reports. Stockholders of record on Tuesday, April 1st will be paid a dividend of 0.1375 per share on Tuesday, April 15th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date is Tuesday, April 1st.

First Trust Intermediate Duration Preferred & Income Fund has increased its dividend payment by an average of 2.6% annually over the last three years.

First Trust Intermediate Duration Preferred & Income Fund Stock Down 0.1 %

FPF stock opened at $18.44 on Friday. The firm’s fifty day moving average is $18.62 and its 200 day moving average is $18.70. First Trust Intermediate Duration Preferred & Income Fund has a 52 week low of $16.50 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.