First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF) to Issue Monthly Dividend of $0.15 on November 15th
First Trust Intrmdt Drtn Prfrd & Incm Fd (NYSE:FPF) announced a monthly dividend on Friday, October 20th, Wall Street Journal reports. Investors of record on Thursday, November 2nd will be given a dividend of 0.1525 per share on Wednesday, November 15th. This represents a $1.83 annualized dividend and a dividend yield of 7.38%. The ex-dividend date is Wednesday, November 1st.
First Trust Intrmdt Drtn Prfrd & Incm Fd has increased its dividend by an average of 36.8% per year over the last three years.
Shares of First Trust Intrmdt Drtn Prfrd & Incm Fd (FPF) opened at 24.78 on Tuesday. First Trust Intrmdt Drtn Prfrd & Incm Fd has a 52-week low of $20.67 and a 52-week high of $24.95. The company’s 50 day moving average price is $24.61 and its 200 day moving average price is $24.41.
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First Trust Intrmdt Drtn Prfrd & Incm Fd Company Profile
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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