First Trust Intermediate Duration Preferred & Income Fund to Issue Monthly Dividend of $0.14 (NYSE:FPF)

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Thursday, June 18th. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.1375 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend is Wednesday, July 1st.

First Trust Intermediate Duration Preferred & Income Fund Price Performance

Shares of NYSE:FPF opened at $18.00 on Friday. The firm has a fifty day moving average of $18.17 and a two-hundred day moving average of $18.44. First Trust Intermediate Duration Preferred & Income Fund has a 12-month low of $17.21 and a 12-month high of $19.75.

Institutional Trading of First Trust Intermediate Duration Preferred & Income Fund

Institutional investors have recently bought and sold shares of the company. Main Street Group LTD purchased a new position in First Trust Intermediate Duration Preferred & Income Fund in the first quarter valued at about $26,000. Ascentis Independent Advisors acquired a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund during the 1st quarter valued at about $34,000. CIBC Private Wealth Group LLC acquired a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund during the 4th quarter valued at about $49,000. Advisory Services Network LLC bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the 3rd quarter valued at approximately $53,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the 1st quarter valued at approximately $60,000.

First Trust Intermediate Duration Preferred & Income Fund Company Profile

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a diversified closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund aims to deliver a consistent distribution by investing primarily in intermediate-duration preferred securities issued by U.S. and foreign corporations, financial institutions and utilities.

The fund’s portfolio is composed predominantly of fixed- and floating-rate preferred stocks, with at least 80% of its total assets invested in such securities.