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) declared a monthly dividend on Monday, September 21st. Shareholders of record on Thursday, October 1st will be given a dividend of 0.1375 per share on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Thursday, October 1st.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

Shares of FPF opened at $16.65 on Tuesday. First Trust Intermediate Duration Preferred & Income Fund has a fifty-two week low of $16.45 and a fifty-two week high of $19.74. The firm has a 50 day moving average price of $17.60 and a 200-day moving average price of $17.92.

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.