First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) announced a monthly dividend on Monday, July 20th, Zacks reports. Investors of record on Tuesday, August 4th will be given a dividend of 0.132 per share on Monday, August 17th. This represents a $1.58 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date is Monday, August 3rd.
First Trust Intrmdt Drtn Prfrd & Incm Fd has decreased its dividend by an average of 21.0% annually over the last three years.
Shares of FPF opened at $21.90 on Friday. The stock has a fifty day moving average price of $21.13 and a two-hundred day moving average price of $21.14. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 52-week low of $10.75 and a 52-week high of $24.84.
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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