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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPFGet Rating) announced a monthly dividend on Monday, January 23rd, Zacks reports. Shareholders of record on Thursday, February 2nd will be paid a dividend of 0.112 per share on Wednesday, February 15th. This represents a $1.34 annualized dividend and a yield of 7.27%. The ex-dividend date is Wednesday, February 1st.

First Trust Intermediate Duration Preferred & Income Fund has decreased its dividend by an average of 4.5% per year over the last three years.

First Trust Intermediate Duration Preferred & Income Fund Trading Up 0.5 %

Shares of FPF opened at $18.48 on Wednesday. First Trust Intermediate Duration Preferred & Income Fund has a 12 month low of $15.54 and a 12 month high of $23.70. The stock has a fifty day moving average price of $17.48 and a 200-day moving average price of $17.81.

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

Several institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. raised its stake in shares of First Trust Intermediate Duration Preferred & Income Fund by 2.7% in the first 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. lifted its stake in 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 valued at $346,000 after acquiring an additional 1,511 shares during the period. Captrust Financial Advisors acquired a new stake in First Trust Intermediate Duration Preferred & Income Fund during the 2nd quarter valued at approximately $45,000. Raymond James & Associates boosted its holdings in shares of First Trust Intermediate Duration Preferred & Income Fund by 4.8% in the 1st quarter. Raymond James & Associates now owns 61,050 shares of the company’s stock valued at $1,342,000 after acquiring 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% in the third quarter. Baird Financial Group Inc. now owns 96,520 shares of the company’s stock worth $1,600,000 after acquiring an additional 3,283 shares during the period.

About First Trust Intermediate Duration Preferred & Income Fund

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First Trust Intermediate Duration Preferred & Income Fund engages in the investment current income and a secondary objective of capital appreciation. The company was founded in 1999 is headquartered in Wheaton, IL.

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

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