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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Thursday, December 19th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.1375 per share on Wednesday, January 15th. This represents a $1.65 annualized dividend and a yield of 9.17%. The ex-dividend date is Tuesday, December 31st.

First Trust Intermediate Duration Preferred & Income Fund has decreased its dividend by an average of 7.4% per year over the last three years.

First Trust Intermediate Duration Preferred & Income Fund Stock Up 0.2 %

First Trust Intermediate Duration Preferred & Income Fund stock traded up $0.04 during trading hours on Friday, reaching $17.99. 159,306 shares of the company were exchanged, compared to its average volume of 156,930. First Trust Intermediate Duration Preferred & Income Fund has a 12 month low of $16.13 and a 12 month high of $19.74. The stock has a 50-day moving average of $18.80 and a 200 day moving average of $18.59.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

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.