First Trust Intermediate Duration Preferred & Income Fund Announces 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. Investors 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 of this dividend is Wednesday, February 1st.

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

First Trust Intermediate Duration Preferred & Income Fund Price Performance

Shares of FPF opened at $18.48 on Wednesday. The business’s 50 day moving average is $17.48 and its 200 day moving average is $17.81. First Trust Intermediate Duration Preferred & Income Fund has a 12-month low of $15.54 and a 12-month high of $23.70.

Institutional Trading of First Trust Intermediate Duration Preferred & Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FPF. Penserra Capital Management LLC raised its stake in 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 valued at $5,006,000 after purchasing an additional 96,306 shares during the period. Invesco Ltd. increased its stake in First Trust Intermediate Duration Preferred & Income Fund by 12.4% in the 1st quarter. Invesco Ltd. now owns 765,470 shares of the company’s stock worth $16,833,000 after acquiring an additional 84,569 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in First Trust Intermediate Duration Preferred & Income Fund in the 1st quarter worth approximately $623,000. Bank of America Corp DE increased its stake in First Trust Intermediate Duration Preferred & Income Fund by 4.3% in the 1st quarter. Bank of America Corp DE now owns 336,776 shares of the company’s stock worth $7,406,000 after acquiring an additional 14,025 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in First Trust Intermediate Duration Preferred & Income Fund in the 2nd quarter worth approximately $245,000.

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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