First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) announced a monthly dividend on Tuesday, August 22nd, Wall Street Journal reports. Investors of record on Wednesday, September 6th will be given a dividend of 0.1525 per share on Friday, September 15th. This represents a $1.83 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date is Friday, September 1st.
First Trust Intrmdt Drtn Prfrd & Incm Fd has increased its dividend payment by an average of 36.8% per year over the last three years.
First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) traded up 0.78% during midday trading on Tuesday, reaching $24.58. 127,978 shares of the company were exchanged. The firm’s 50 day moving average price is $24.58 and its 200-day moving average price is $23.94. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 52 week low of $20.67 and a 52 week high of $24.95.
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About First Trust Intrmdt Drtn Prfrd & Incm Fd
First Trust Intermediate Duration Preferred & Income Fund (the Fund) is a non-diversified closed-end management investment company. The primary investment objective of the Fund is to seek a high level of current income. The Fund has a secondary objective of capital appreciation. The Fund has investments in various industry sectors, such as banks; insurance; electric utilities; food products; capital markets; diversified telecommunication services; diversified financial services; wireless telecommunication services; consumer finance; oil, gas and consumable fuels; energy equipment and services; diversified financial services; independent power producers and renewable electricity producers; equity real estate investment trusts; metals and mining; multi-utilities; industrial conglomerates; transportation infrastructure; telecommunication services, and Internet software and services.
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