First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF) to Issue Monthly Dividend of $0.13 on June 15th

First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) announced a monthly dividend on Wednesday, May 20th, Zacks reports. Shareholders of record on Tuesday, June 2nd will be paid a dividend of 0.132 per share on Monday, June 15th. This represents a $1.58 annualized dividend and a yield of 7.69%. The ex-dividend date is Monday, June 1st.

First Trust Intrmdt Drtn Prfrd & Incm Fd has decreased its dividend payment by an average of 5.1% per year over the last three years.

FPF traded up $0.11 during trading on Friday, hitting $20.60. 7,121 shares of the company’s stock traded hands, compared to its average volume of 282,571. The company’s 50 day simple moving average is $19.33 and its two-hundred day simple moving average is $22.12. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 12-month low of $10.75 and a 12-month high of $24.84.

In other First Trust Intrmdt Drtn Prfrd & Incm Fd news, insider Scott T. Fleming bought 7,500 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were acquired at an average cost of $15.45 per share, for a total transaction of $115,875.00.

About First Trust Intrmdt Drtn Prfrd & Incm Fd

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.

Further Reading: The components of the Stochastic Momentum Index

Dividend History for First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF)

Receive News & Ratings for First Trust Intrmdt Drtn Prfrd & Incm Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Intrmdt Drtn Prfrd & Incm Fd and related companies with MarketBeat.com's FREE daily email newsletter.