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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Tuesday, April 23rd, Wall Street Journal reports. Shareholders of record on Thursday, May 2nd will be paid a dividend of 0.1375 per share on Wednesday, May 15th. This represents a $1.65 annualized dividend and a yield of 9.62%. The ex-dividend date of this dividend is Wednesday, May 1st.

First Trust Intermediate Duration Preferred & Income Fund has decreased its dividend payment by an average of 4.8% annually over the last three years.

First Trust Intermediate Duration Preferred & Income Fund Trading Up 0.2 %

FPF traded up $0.03 during trading on Tuesday, hitting $17.16. 120,745 shares of the stock traded hands, compared to its average volume of 167,476. The firm has a 50-day moving average of $17.49 and a 200 day moving average of $16.40. First Trust Intermediate Duration Preferred & Income Fund has a 12-month low of $13.91 and a 12-month high of $18.09.

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.