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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Tuesday, August 20th, Wall Street Journal reports. Shareholders of record on Tuesday, September 3rd will be given a dividend of 0.1375 per share on Monday, September 16th. This represents a $1.65 dividend on an annualized basis and a yield of 8.78%. The ex-dividend date of this dividend is Tuesday, September 3rd.

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 Price Performance

FPF opened at $18.80 on Friday. The stock’s 50 day moving average price is $18.30 and its 200-day moving average price is $17.80. First Trust Intermediate Duration Preferred & Income Fund has a 52-week low of $13.91 and a 52-week high of $18.88.

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.