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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Thursday, September 19th, NASDAQ reports. Shareholders of record on Tuesday, October 1st will be given a dividend of 0.1375 per share on Tuesday, October 15th. This represents a $1.65 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date is Tuesday, October 1st.

First Trust Intermediate Duration Preferred & Income Fund has decreased its dividend by an average of 7.4% annually over the last three years.

First Trust Intermediate Duration Preferred & Income Fund Price Performance

NYSE FPF opened at $19.49 on Monday. The stock has a 50-day simple moving average of $18.62 and a 200 day simple moving average of $18.03. First Trust Intermediate Duration Preferred & Income Fund has a twelve month low of $13.91 and a twelve month high of $19.60.

About First Trust Intermediate Duration Preferred & Income Fund

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.