First Trust Intermediate Duration Preferred & Income Fund (FPF) to Distribute Monthly Dividend of $0.14 on November 16th

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Tuesday, October 20th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.1375 per share on Monday, November 16th. This represents a $1.65 annualized dividend and a dividend yield of 10.5%. The ex-dividend date is Monday, November 2nd.

First Trust Intermediate Duration Preferred & Income Fund Stock Down 1.3%

NYSE:FPF opened at $15.66 on Friday. First Trust Intermediate Duration Preferred & Income Fund has a 1-year low of $15.11 and a 1-year high of $19.36. The company has a 50-day moving average of $16.47 and a 200 day moving average of $17.80.

About First Trust Intermediate Duration Preferred & Income Fund

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a closed-end management investment company advised by First Trust Advisors L.P. The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing primarily in preferred securities and other income-producing investments.

The fund focuses on managing interest-rate and credit exposure through an intermediate-duration portfolio. Its investments may include preferred stocks, corporate debt securities, and other fixed-income instruments issued by companies and financial institutions.