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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 1st will be given a dividend of 0.1375 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date is Monday, June 1st.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

NYSE FPF opened at $17.92 on Thursday. The company’s fifty day moving average is $18.14 and its two-hundred day moving average is $18.55. First Trust Intermediate Duration Preferred & Income Fund has a 52-week low of $17.21 and a 52-week high of $19.75.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

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.