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

First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPFGet Rating) declared a monthly dividend on Wednesday, April 20th, Zacks reports. Investors of record on Tuesday, May 3rd will be paid a dividend of 0.127 per share on Monday, May 16th. This represents a $1.52 annualized dividend and a dividend yield of 7.37%. The ex-dividend date of this dividend is Monday, May 2nd.

Shares of FPF opened at $20.68 on Friday. The company’s 50 day simple moving average is $21.23 and its 200 day simple moving average is $23.28. First Trust Intermediate Duration Preferred & Income Fund has a 1 year low of $20.19 and a 1 year high of $26.26.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Albion Financial Group UT purchased a new position in shares of First Trust Intermediate Duration Preferred & Income Fund during the fourth quarter valued at approximately $30,000. Susquehanna International Group LLP purchased a new position in First Trust Intermediate Duration Preferred & Income Fund during the fourth quarter worth approximately $228,000. Guggenheim Capital LLC purchased a new position in First Trust Intermediate Duration Preferred & Income Fund during the fourth quarter worth approximately $245,000. NEXT Financial Group Inc raised its stake in First Trust Intermediate Duration Preferred & Income Fund by 6.1% during the fourth quarter. NEXT Financial Group Inc now owns 18,025 shares of the company’s stock worth $442,000 after purchasing an additional 1,040 shares during the period. Finally, NewEdge Advisors LLC raised its stake in First Trust Intermediate Duration Preferred & Income Fund by 63.5% during the fourth quarter. NewEdge Advisors LLC now owns 22,985 shares of the company’s stock worth $564,000 after purchasing an additional 8,927 shares during the period.

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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