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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Wednesday, November 20th,NASDAQ Dividends reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.1375 per share on Monday, December 16th. This represents a $1.65 annualized dividend and a yield of 8.76%. The ex-dividend date of this dividend is Monday, December 2nd.

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

First Trust Intermediate Duration Preferred & Income Fund Trading Up 0.2 %

FPF stock opened at $18.84 on Friday. The company’s 50 day simple moving average is $19.02 and its 200-day simple moving average is $18.51. First Trust Intermediate Duration Preferred & Income Fund has a 12 month low of $15.64 and a 12 month high of $19.74.

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.