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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Thursday, December 18th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.1375 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

Shares of First Trust Intermediate Duration Preferred & Income Fund stock opened at $18.74 on Monday. First Trust Intermediate Duration Preferred & Income Fund has a twelve month low of $15.60 and a twelve month high of $19.75. The business has a 50-day moving average price of $18.71 and a 200-day moving average price of $18.85.

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.