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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Tuesday, January 20th. Stockholders of record on Monday, February 2nd will be given a dividend of 0.1375 per share on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Monday, February 2nd.

First Trust Intermediate Duration Preferred & Income Fund Trading Down 0.3%

Shares of NYSE FPF opened at $18.76 on Wednesday. The business’s 50 day moving average price is $18.65 and its 200-day moving average price is $18.88. First Trust Intermediate Duration Preferred & Income Fund has a fifty-two week low of $15.60 and a fifty-two week high of $19.75.

About First Trust Intermediate Duration Preferred & Income Fund

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.