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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.1375 per share on Monday, March 17th. This represents a $1.65 dividend on an annualized basis and a yield of 8.79%. The ex-dividend date is Monday, March 3rd.

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

First Trust Intermediate Duration Preferred & Income Fund Stock Down 0.2 %

FPF traded down $0.04 during trading on Friday, reaching $18.77. 74,013 shares of the stock were exchanged, compared to its average volume of 126,058. The business’s 50 day moving average price is $18.42 and its two-hundred day moving average price is $18.70. First Trust Intermediate Duration Preferred & Income Fund has a 1 year low of $16.50 and a 1 year 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.