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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Monday, October 21st, NASDAQ reports. Shareholders of record on Friday, November 1st will be paid a dividend of 0.1375 per share on Friday, November 15th. This represents a $1.65 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date is Friday, November 1st.

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

First Trust Intermediate Duration Preferred & Income Fund Price Performance

Shares of FPF stock opened at $18.71 on Thursday. First Trust Intermediate Duration Preferred & Income Fund has a 1 year low of $14.06 and a 1 year high of $19.74. The firm has a fifty day moving average price of $19.09 and a 200-day moving average price of $18.27.

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.