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 Monday, July 20th. Stockholders of record on Monday, August 3rd will be paid a dividend of 0.1375 per share on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Monday, August 3rd.

First Trust Intermediate Duration Preferred & Income Fund Price Performance

NYSE FPF opened at $18.07 on Tuesday. First Trust Intermediate Duration Preferred & Income Fund has a 12 month low of $17.21 and a 12 month high of $19.75. The stock has a 50 day moving average of $18.02 and a 200-day moving average of $18.35.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a diversified closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund aims to deliver a consistent distribution by investing primarily in intermediate-duration preferred securities issued by U.S. and foreign corporations, financial institutions and utilities.

The fund’s portfolio is composed predominantly of fixed- and floating-rate preferred stocks, with at least 80% of its total assets invested in such securities.