First Trust Intermediate Duration Preferred & Income Fund (FPF) to Issue Monthly Dividend of $0.14 on May 15th

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Tuesday, April 22nd, Wall Street Journal reports. Stockholders of record on Thursday, May 1st will be paid a dividend of 0.1375 per share on Thursday, May 15th. This represents a $1.65 annualized dividend and a dividend yield of 9.40%. The ex-dividend date of this dividend is Thursday, May 1st.

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

First Trust Intermediate Duration Preferred & Income Fund Trading Up 0.6 %

NYSE FPF opened at $17.56 on Tuesday. The business’s 50-day moving average price is $17.94 and its two-hundred day moving average price is $18.38. First Trust Intermediate Duration Preferred & Income Fund has a 12 month low of $15.60 and a 12 month high of $19.74.

About First Trust Intermediate Duration Preferred & Income Fund

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.