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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Tuesday, April 23rd, Wall Street Journal reports. Investors of record on Thursday, May 2nd will be paid a dividend of 0.1375 per share on Wednesday, May 15th. This represents a $1.65 dividend on an annualized basis and a yield of 9.62%. The ex-dividend date is Wednesday, May 1st.

First Trust Intermediate Duration Preferred & Income Fund has decreased its dividend by an average of 4.8% annually over the last three years.

First Trust Intermediate Duration Preferred & Income Fund Stock Performance

First Trust Intermediate Duration Preferred & Income Fund stock traded up $0.03 during trading on Tuesday, reaching $17.16. 120,745 shares of the company were exchanged, compared to its average volume of 167,476. First Trust Intermediate Duration Preferred & Income Fund has a 52-week low of $13.91 and a 52-week high of $18.09. The stock’s 50 day simple moving average is $17.49 and its two-hundred day simple moving average is $16.40.

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.