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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.1375 per share on Monday, March 17th. This represents a $1.65 dividend on an annualized basis and a yield of 8.79%. The ex-dividend date of this dividend is Monday, March 3rd.

First Trust Intermediate Duration Preferred & Income Fund has increased its dividend by an average of 2.6% per year over the last three years.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

First Trust Intermediate Duration Preferred & Income Fund stock traded down $0.04 during midday trading on Friday, reaching $18.77. 74,013 shares of the stock traded hands, compared to its average volume of 126,058. The company has a 50-day simple moving average of $18.42 and a two-hundred day simple moving average of $18.70. First Trust Intermediate Duration Preferred & Income Fund has a 12-month low of $16.50 and a 12-month high of $19.74.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

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.