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

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

First Trust Intermediate Duration Preferred & Income Fund Trading Down 0.1%

NYSE FPF traded down $0.01 on Wednesday, hitting $15.69. The company’s stock had a trading volume of 45,343 shares, compared to its average volume of 132,833. The company’s 50-day moving average is $16.80 and its 200 day moving average is $17.60. First Trust Intermediate Duration Preferred & Income Fund has a 1-year low of $15.30 and a 1-year high of $19.36.

About First Trust Intermediate Duration Preferred & Income Fund

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a closed-end investment company managed by First Trust Advisors L.P. The fund is designed to provide investors with current income and, as a secondary objective, capital appreciation.

FPF invests primarily in preferred securities and income-producing debt securities, including securities issued by corporations and financial institutions. Its portfolio is managed with an intermediate-duration approach, which seeks to balance income generation with sensitivity to changes in interest rates.

The fund may invest in securities issued by companies in the United States and other countries, providing exposure to multiple sectors and geographies.