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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Thursday, March 20th, 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 yield of 8.86%. The ex-dividend date of this dividend is Tuesday, April 1st.

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

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

First Trust Intermediate Duration Preferred & Income Fund stock opened at $18.63 on Friday. 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’s 50-day simple moving average is $18.60 and its two-hundred day simple moving average is $18.71.

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.