First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) to Issue $0.13 Monthly Dividend

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPFGet Rating) declared a monthly dividend on Tuesday, June 21st, Zacks reports. Stockholders of record on Tuesday, July 5th will be given a dividend of 0.127 per share on Friday, July 15th. This represents a $1.52 annualized dividend and a dividend yield of 8.61%. The ex-dividend date is Friday, July 1st.

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

NYSE:FPF opened at $17.70 on Thursday. The firm’s 50-day moving average is $19.39 and its 200-day moving average is $21.53. First Trust Intermediate Duration Preferred & Income Fund has a 52-week low of $17.62 and a 52-week high of $26.26.

Several large investors have recently bought and sold shares of FPF. Penserra Capital Management LLC increased its holdings in shares of First Trust Intermediate Duration Preferred & Income Fund by 73.3% during the 1st quarter. Penserra Capital Management LLC now owns 227,669 shares of the company’s stock worth $5,006,000 after purchasing an additional 96,306 shares during the period. Invesco Ltd. boosted its position in shares of First Trust Intermediate Duration Preferred & Income Fund by 12.4% during the 1st quarter. Invesco Ltd. now owns 765,470 shares of the company’s stock valued at $16,833,000 after acquiring an additional 84,569 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund during the 1st quarter valued at about $623,000. Bank of America Corp DE boosted its position in shares of First Trust Intermediate Duration Preferred & Income Fund by 4.3% during the 1st quarter. Bank of America Corp DE now owns 336,776 shares of the company’s stock valued at $7,406,000 after acquiring an additional 14,025 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund during the 1st quarter valued at about $200,000.

First Trust Intermediate Duration Preferred & Income Fund Company Profile (Get Rating)

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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