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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Wednesday, May 20th. Investors 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 Price Performance

FPF opened at $17.92 on Thursday. The stock’s 50-day moving average price is $18.14 and its 200 day moving average price is $18.55. First Trust Intermediate Duration Preferred & Income Fund has a 12-month low of $17.21 and a 12-month 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.