First Trust Intermediate Duration Preferred & Income Fund (FPF) to Issue Monthly Dividend of $0.14 on October 15th

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) announced a monthly dividend on Monday, September 21st. Stockholders of record on Thursday, October 1st will be given a dividend of 0.1375 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date is Thursday, October 1st.

First Trust Intermediate Duration Preferred & Income Fund Stock Down 0.7%

Shares of First Trust Intermediate Duration Preferred & Income Fund stock opened at $16.54 on Wednesday. First Trust Intermediate Duration Preferred & Income Fund has a 12 month low of $16.45 and a 12 month high of $19.72. The business has a fifty day simple moving average of $17.57 and a 200-day simple moving average of $17.90.

Hedge Funds Weigh In On First Trust Intermediate Duration Preferred & Income Fund

A number of large investors have recently made changes to their positions in the business. Main Street Group LTD acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the 1st quarter worth 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. Allworth Financial LP bought a new stake in shares of First Trust Intermediate Duration Preferred & Income Fund in the 2nd quarter valued at approximately $47,000. Northwestern Mutual Wealth Management Co. acquired a new position in First Trust Intermediate Duration Preferred & Income Fund in the second quarter worth approximately $48,000. Finally, Allied Private Wealth LLC bought a new position in First Trust Intermediate Duration Preferred & Income Fund during the second quarter valued at approximately $60,000.

About First Trust Intermediate Duration Preferred & Income Fund

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a diversified, exchange-listed closed-end fund managed by First Trust Advisors L.P. The fund seeks to provide current income and, as a secondary objective, capital appreciation.

FPF invests primarily in preferred securities and income-producing debt instruments, including corporate bonds and other fixed-income securities. The portfolio is designed to maintain an intermediate level of interest-rate sensitivity while seeking attractive income opportunities across different segments of the preferred and fixed-income markets.

The fund may invest in securities issued by companies and other entities in the United States and international markets.