First Trust Intermediate Duration Preferred & Income Fund (FPF) to Issue Monthly Dividend of $0.14 on November 16th

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Tuesday, October 20th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.1375 per share on Monday, November 16th. This represents a $1.65 annualized dividend and a dividend yield of 10.5%. The ex-dividend date of this dividend is Monday, November 2nd.

First Trust Intermediate Duration Preferred & Income Fund Stock Down 0.0%

First Trust Intermediate Duration Preferred & Income Fund stock opened at $15.70 on Thursday. The business has a 50 day moving average of $16.76 and a 200-day moving average of $17.59. First Trust Intermediate Duration Preferred & Income Fund has a 1 year low of $15.30 and a 1 year high of $19.36.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a closed-end investment company managed by First Trust Advisors L.P. The fund is designed to provide investors with current income and, as a secondary objective, capital appreciation.

FPF invests primarily in preferred securities and income-producing debt securities, including securities issued by corporations and financial institutions. Its portfolio is managed with an intermediate-duration approach, which seeks to balance income generation with sensitivity to changes in interest rates.

The fund may invest in securities issued by companies in the United States and other countries, providing exposure to multiple sectors and geographies.