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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.1375 per share on Monday, March 17th. This represents a $1.65 annualized dividend and a dividend yield of 8.79%. The ex-dividend date of this dividend is Monday, March 3rd.

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

First Trust Intermediate Duration Preferred & Income Fund Price Performance

Shares of First Trust Intermediate Duration Preferred & Income Fund stock traded down $0.04 during trading on Friday, hitting $18.77. 81,775 shares of the stock were exchanged, compared to its average volume of 126,326. The firm’s 50-day moving average price is $18.42 and its 200 day moving average price is $18.70. First Trust Intermediate Duration Preferred & Income Fund has a 12-month low of $16.50 and a 12-month high of $19.74.

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.