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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Thursday, February 20th, 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 raised its dividend payment by an average of 2.6% annually over the last three years.

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

NYSE FPF traded down $0.04 during trading on Friday, reaching $18.77. The company’s stock had a trading volume of 81,775 shares, compared to its average volume of 126,326. First Trust Intermediate Duration Preferred & Income Fund has a twelve month low of $16.50 and a twelve month high of $19.74. The business’s fifty day moving average price is $18.42 and its 200-day moving average price is $18.70.

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.