First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) Plans Monthly Dividend of $0.11

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPFGet Rating) declared a monthly dividend on Tuesday, November 22nd, Wall Street Journal reports. Investors of record on Friday, December 2nd will be paid a dividend of 0.1125 per share on Thursday, December 15th. This represents a $1.35 annualized dividend and a yield of 7.72%. The ex-dividend date of this dividend is Thursday, December 1st.

First Trust Intermediate Duration Preferred & Income Fund has decreased its dividend by an average of 4.2% annually over the last three years.

First Trust Intermediate Duration Preferred & Income Fund Stock Up 0.9 %

Shares of NYSE FPF opened at $17.49 on Wednesday. First Trust Intermediate Duration Preferred & Income Fund has a fifty-two week low of $15.54 and a fifty-two week high of $25.00. The firm’s 50-day simple moving average is $16.63 and its 200 day simple moving average is $18.23.

Insider Buying and Selling at First Trust Intermediate Duration Preferred & Income Fund

In other news, insider Scott T. Fleming acquired 7,500 shares of the firm’s stock in a transaction on Wednesday, October 5th. The stock was purchased at an average price of $16.48 per share, for a total transaction of $123,600.00. Following the purchase, the insider now owns 30,000 shares in the company, valued at approximately $494,400. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On First Trust Intermediate Duration Preferred & Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 2.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,760 shares of the company’s stock worth $676,000 after purchasing an additional 804 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 18,517 shares of the company’s stock worth $346,000 after purchasing an additional 1,511 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund during the 2nd quarter worth approximately $45,000. Raymond James & Associates increased its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 4.8% during the 1st quarter. Raymond James & Associates now owns 61,050 shares of the company’s stock worth $1,342,000 after purchasing an additional 2,810 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 3.5% during the 3rd quarter. Baird Financial Group Inc. now owns 96,520 shares of the company’s stock worth $1,600,000 after purchasing an additional 3,283 shares during the last quarter.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

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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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Dividend History for First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF)

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