First Trust Intermediate Duration Preferred & Income Fund (FPF) to Issue Monthly Dividend of $0.14 on September 15th

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Thursday, August 20th. Investors of record on Tuesday, September 1st will be given a dividend of 0.1375 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date is Tuesday, September 1st.

First Trust Intermediate Duration Preferred & Income Fund Price Performance

Shares of FPF stock opened at $17.65 on Friday. First Trust Intermediate Duration Preferred & Income Fund has a 52 week low of $17.21 and a 52 week high of $19.75. The firm’s 50-day simple moving average is $17.88 and its two-hundred day simple moving average is $18.18.

About First Trust Intermediate Duration Preferred & Income Fund

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.