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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Friday, March 21st, Wall Street Journal reports. Investors of record on Tuesday, April 1st will be paid a dividend of 0.1375 per share on Tuesday, April 15th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date is Tuesday, April 1st.

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 Price Performance

First Trust Intermediate Duration Preferred & Income Fund stock traded up $0.03 during mid-day trading on Friday, reaching $18.63. 55,734 shares of the company’s stock were exchanged, compared to its average volume of 145,680. First Trust Intermediate Duration Preferred & Income Fund has a twelve month low of $16.50 and a twelve month high of $19.74. The company has a fifty day moving average of $18.58 and a 200-day moving average of $18.71.

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.