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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Thursday, March 19th. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.1375 per share on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Wednesday, April 1st.

First Trust Intermediate Duration Preferred & Income Fund Stock Down 0.8%

First Trust Intermediate Duration Preferred & Income Fund stock opened at $18.14 on Friday. The business has a 50 day moving average of $18.81 and a 200-day moving average of $18.85. First Trust Intermediate Duration Preferred & Income Fund has a 1 year low of $15.60 and a 1 year high of $19.75.

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.