First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1325 per share payable on April 15, 2020, to shareholders of record as of April 2, 2020. The ex-dividend date is expected to be April 1, 2020. The monthly distribution information for the Fund appears below.

First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1325 per share payable on June 15, 2020, to shareholders of record as of June 2, 2020. The ex-dividend date is expected to be June 1, 2020. The monthly distribution information for the Fund appears below.

First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1325 per share payable on May 15, 2020, to shareholders of record as of May 4, 2020. The ex-dividend date is expected to be May 1, 2020. The monthly distribution information for the Fund appears below.

The preferred stock market now is offering yields of around 5% from a range of issuers, including AT&T, Wells Fargo, MetLife, and Morgan Stanley, after a recent selloff.

If you're not familiar with preferreds, they're a hybrid of bonds and stocks. They can trade on an exchange, just like any common stock, but they trade around a par value and dole out a set regular payment, like a bond. Financial companies are the main issuers of preferreds, explains income expert Michael Foster, editor of Contrarian Outlook.