First Trust Intermediate Duration Preferred & Income Fund (FPF) to Issue Monthly Dividend of $0.14 on July 15th

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Thursday, June 20th, NASDAQ reports. Investors of record on Monday, July 1st will be paid a dividend of 0.1375 per share on Monday, July 15th. This represents a $1.65 annualized dividend and a yield of 8.98%. The ex-dividend date is Monday, July 1st.

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

First Trust Intermediate Duration Preferred & Income Fund Price Performance

Shares of NYSE:FPF opened at $18.37 on Friday. First Trust Intermediate Duration Preferred & Income Fund has a 52 week low of $13.91 and a 52 week high of $18.40. The company’s 50 day moving average is $17.63 and its two-hundred day moving average is $17.32.

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.