First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) to Issue Monthly Dividend of $0.14

First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) declared a monthly dividend on Tuesday, May 21st, Wall Street Journal reports. Stockholders of record on Tuesday, June 4th will be paid a dividend of 0.1425 per share on Monday, June 17th. This represents a $1.71 annualized dividend and a dividend yield of 7.67%. The ex-dividend date of this dividend is Monday, June 3rd.

First Trust Intrmdt Drtn Prfrd & Incm Fd has decreased its dividend by an average of 3.5% annually over the last three years.

Shares of FPF stock opened at $22.29 on Thursday. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 12 month low of $18.15 and a 12 month high of $22.60.

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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.

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

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