First Trust Intermediate Duration Preferred & Income Fund maintains its monthly payout, matching prior distributions with a 9.18% forward yield.
First Trust Intermediate Duration Preferred & Income Fund (FPF) announced a $0.1375 per share monthly dividend, unchanged from previous payments. The dividend yields 9.18% on an annualized forward basis.
The payout is consistent with the fund’s prior distributions, reflecting stable income generation. The dividend is payable July 15 to shareholders of record as of July 1, with an ex-dividend date of July 1.
No immediate market reaction was reported following the announcement.