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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Friday, March 21st, Wall Street Journal reports. Stockholders of record on Tuesday, April 1st will be given a dividend of 0.1375 per share on Tuesday, April 15th. This represents a $1.65 annualized dividend 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 payment by an average of 2.6% per year over the last three years.

First Trust Intermediate Duration Preferred & Income Fund Price Performance

FPF stock traded up $0.03 during midday trading on Friday, hitting $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 1-year low of $16.50 and a 1-year high of $19.74. The business has a 50-day simple moving average of $18.58 and a two-hundred day simple 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.