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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders of record on Monday, February 3rd will be given a dividend of 0.1375 per share on Tuesday, February 18th. This represents a $1.65 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date of this dividend is Monday, February 3rd.

First Trust Intermediate Duration Preferred & Income Fund has increased its dividend payment by an average of 2.6% annually over the last three years.

First Trust Intermediate Duration Preferred & Income Fund Stock Down 0.8 %

First Trust Intermediate Duration Preferred & Income Fund stock traded down $0.16 during midday trading on Wednesday, reaching $18.56. The company’s stock had a trading volume of 141,376 shares, compared to its average volume of 137,198. First Trust Intermediate Duration Preferred & Income Fund has a fifty-two week low of $16.50 and a fifty-two week high of $19.74. The business has a 50-day simple moving average of $18.42 and a 200-day simple moving average of $18.64.

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.