First Trust Intermediate Duration Preferred & Income Fund (FPF) To Go Ex-Dividend on February 3rd

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.1375 per share on Tuesday, February 18th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 8.89%. The ex-dividend date is Monday, February 3rd.

First Trust Intermediate Duration Preferred & Income Fund has raised its dividend by an average of 2.6% annually over the last three years.

First Trust Intermediate Duration Preferred & Income Fund Trading Down 0.8 %

First Trust Intermediate Duration Preferred & Income Fund stock opened at $18.56 on Thursday. The company’s 50 day moving average is $18.42 and its two-hundred day moving average is $18.63. First Trust Intermediate Duration Preferred & Income Fund has a 52-week low of $16.50 and a 52-week high of $19.74.

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.