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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Thursday, June 18th. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.1375 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Wednesday, July 1st.

First Trust Intermediate Duration Preferred & Income Fund Stock Up 0.4%

FPF opened at $18.00 on Friday. First Trust Intermediate Duration Preferred & Income Fund has a fifty-two week low of $17.21 and a fifty-two week high of $19.75. The business has a 50-day moving average of $18.17 and a 200-day moving average of $18.44.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a diversified closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund aims to deliver a consistent distribution by investing primarily in intermediate-duration preferred securities issued by U.S. and foreign corporations, financial institutions and utilities.

The fund’s portfolio is composed predominantly of fixed- and floating-rate preferred stocks, with at least 80% of its total assets invested in such securities.