First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF – Get Free Report) announced a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Stockholders of record on Thursday, May 2nd will be paid a dividend of 0.1375 per share on Wednesday, May 15th. This represents a $1.65 annualized dividend and a dividend yield of 9.65%. The ex-dividend date is Wednesday, May 1st.
First Trust Intermediate Duration Preferred & Income Fund has decreased its dividend by an average of 4.8% per year over the last three years.
First Trust Intermediate Duration Preferred & Income Fund Price Performance
Shares of FPF stock opened at $17.09 on Monday. The firm has a fifty day moving average of $17.48 and a 200-day moving average of $16.48. First Trust Intermediate Duration Preferred & Income Fund has a 12-month low of $13.91 and a 12-month high of $18.09.
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.
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