First Trust Intermediate Duration Preferred & Income Fund (FPF) To Go Ex-Dividend on March 3rd

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) declared a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.1375 per share on Monday, March 17th. This represents a $1.65 annualized dividend and a yield of 8.79%. The ex-dividend date of this dividend is Monday, March 3rd.

First Trust Intermediate Duration Preferred & Income Fund has increased 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 First Trust Intermediate Duration Preferred & Income Fund stock opened at $18.77 on Friday. First Trust Intermediate Duration Preferred & Income Fund has a 1 year low of $16.50 and a 1 year high of $19.74. The firm’s 50-day simple moving average is $18.42 and its 200-day simple moving average is $18.71.

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.