First Trust Intermediate Duration Preferred & Income Fund (FPF) To Go Ex-Dividend on May 1st

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Monday, April 20th. Stockholders of record on Friday, May 1st will be given a dividend of 0.1375 per share on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date of this dividend is Friday, May 1st.

First Trust Intermediate Duration Preferred & Income Fund Price Performance

FPF opened at $18.27 on Wednesday. The business has a 50 day simple moving average of $18.34 and a 200-day simple moving average of $18.61. First Trust Intermediate Duration Preferred & Income Fund has a 12 month low of $17.21 and a 12 month high of $19.75.

About First Trust Intermediate Duration Preferred & Income Fund

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a diversified closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund aims to deliver a consistent distribution by investing primarily in intermediate-duration preferred securities issued by U.S. and foreign corporations, financial institutions and utilities.

The fund’s portfolio is composed predominantly of fixed- and floating-rate preferred stocks, with at least 80% of its total assets invested in such securities.