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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Thursday, September 19th, NASDAQ reports. Investors of record on Tuesday, October 1st will be given a dividend of 0.1375 per share on Tuesday, October 15th. This represents a $1.65 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date is Tuesday, October 1st.

First Trust Intermediate Duration Preferred & Income Fund has decreased its dividend payment by an average of 7.4% per year over the last three years.

First Trust Intermediate Duration Preferred & Income Fund Price Performance

First Trust Intermediate Duration Preferred & Income Fund stock opened at $19.49 on Friday. The business’s fifty day moving average is $18.62 and its two-hundred day moving average is $18.03. First Trust Intermediate Duration Preferred & Income Fund has a 52 week low of $13.91 and a 52 week high of $19.60.

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.