First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Wednesday, December 20th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.1525 per share on Tuesday, January 16th. This represents a $1.83 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date is Thursday, December 28th.

First Trust Intermediate Duration Preferred & Income Fund has raised its dividend by an average of 36.8% per year over the last three years.

First Trust Intermediate Duration Preferred & Income Fund (NYSE FPF) opened at $24.70 on Thursday. First Trust Intermediate Duration Preferred & Income Fund has a fifty-two week low of $21.87 and a fifty-two week high of $25.10.

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About First Trust Intermediate Duration Preferred & Income Fund

First Trust Intermediate Duration Preferred & Income Fund (the Fund) is a non-diversified closed-end management investment company. The primary investment objective of the Fund is to seek a high level of current income. The Fund has a secondary objective of capital appreciation. The Fund has investments in various industry sectors, such as banks; insurance; electric utilities; food products; capital markets; diversified telecommunication services; diversified financial services; wireless telecommunication services; consumer finance; oil, gas and consumable fuels; energy equipment and services; diversified financial services; independent power producers and renewable electricity producers; equity real estate investment trusts; metals and mining; multi-utilities; industrial conglomerates; transportation infrastructure; telecommunication services, and Internet software and services.

Dividend History for First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF)

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