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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Monday, September 21st. Investors of record on Thursday, October 1st will be given a dividend of 0.1375 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend is Thursday, October 1st.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

Shares of FPF stock opened at $16.65 on Tuesday. The company’s 50 day moving average price is $17.60 and its two-hundred day moving average price is $17.92. First Trust Intermediate Duration Preferred & Income Fund has a 52 week low of $16.45 and a 52 week high of $19.74.

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.