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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders 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 yield of 8.89%. The ex-dividend date of this dividend is Monday, February 3rd.

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

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

Shares of NYSE:FPF opened at $18.56 on Thursday. First Trust Intermediate Duration Preferred & Income Fund has a 52-week low of $16.50 and a 52-week high of $19.74. The stock’s fifty day simple moving average is $18.42 and its 200-day simple moving average is $18.63.

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.