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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Thursday, March 20th, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend 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 payment by an average of 2.6% per year over the last three years.

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

Shares of NYSE FPF traded up $0.03 during mid-day trading on Friday, hitting $18.63. The company had a trading volume of 56,958 shares, compared to its average volume of 145,680. First Trust Intermediate Duration Preferred & Income Fund has a 12 month low of $16.50 and a 12 month high of $19.74. The firm’s 50 day simple moving average is $18.58 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.